RUMLA Held a Seminar on the Problems of the International Recognition of Judicial Sale of Ships

7/12/2021

On December 7, 2021, the Russian Maritime Law Association (RUMLA) held a seminar on the problems of the international recognition of judicial sale of ships.

The problems discussed at the seminar are of great importance for maritime law theory and practice around the globe. The United Nations Commission on International Trade Law (UNCITRAL) is currently working on the International Convention on Foreign Judicial Sales of Ships and Their Recognition (the Beijing draft). This draft was prepared by the Comité Maritime International.

The keynote speaker of the seminar was Igor Yastrzhembskiy, the representative of the International and Comparative Law Research Center at the UNCITRAL Working Group. The meeting was moderated by Konstantin Krasnokutskiy – President of RUMLA. The participants included Anna Arkhipova, Maria Erohova, Konstantin Putrya, Petr Falileev, Alexander Zimmerman, as well as the other members of RUMLA and invited participants.

The purpose of the seminar was to provoke thoughts about the improvement of the selling procedures based on court judgements and the execution of such judgements. The discussion focused on the regulation of the certificates of judicial sales included in the Convention. In particular, participants expressed their views on the legal status of certificates, their negotiability and validity period, as well as on the influence of the judicial sale of ships on bareboat charters and the proper actions of the registrar upon receipt of a notice of judicial sale.

The participants gave several divergent opinions on the issues raised during the lively debate. We hope that this exchange of views between the experts will have a positive impact on the development of the Beijing draft and the settlement of existing and upcoming problems in this sphere.

RUMLA is extremely grateful to all the participants of the seminar!

Video of the seminar is available on the Association’s YouTube channel at https://youtu.be/mrowuK72WJM.