Read the full judgment text of HCMP 1490/2010 on BabelCite. This High Court CFI judgment was delivered on 5 August 2010.
1. This is an application for a Mareva injunction. It is in respect of an alleged debt which is due by the defendant to the plaintiffs on what are called forward freight swap agreements, or “FFAs”. Those are little more than futures contracts which are not, as has been indicated in the application, intended to result in any freight moving, but are intended to result in the payment of differences between one party and another.
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