New case from the Third Circuit Court of Appeals involving ship's mortgages and judicial sales of vessels. The court says that it is non-precedential, but it does denote the state of the law with respect to the effect of a judicial sale of an arrested vessel. Would that all appeals courts write as succintly: We write exclusively for the parties, who are familiar with the factual context and legal history of the case. Therefore, we will set forth only those facts necessary to our analysis. The case is Goldfish Shipping, S.A. v. HSH Nordbank AG, 2010 U.S. App. LEXIS 8224, which can be found (in the original form) here.
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