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Morgan Guaranty Trust Co. of New York v. Hellenic Lines Limited

38 B.R. 987 (1984)

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Morgan Guaranty Trust Co. of New York v. Hellenic Lines Limited

United States District Court for the Southern District of New York
38 B.R. 987 (1984)

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Facts

Morgan Guaranty Trust Co. of New York and several other companies (the companies) (plaintiffs) had received maritime liens over vessels owned by Hellenic Lines Limited (Hellenic) (defendant) and arrested the vessels. Hellenic then declared bankruptcy. The companies sought a declaration that the admiralty court retained exclusive jurisdiction over the vessels and freights despite Hellenic’s Chapter 11 bankruptcy petition.

Rule of Law

Issue

Holding and Reasoning (Sweet, J.)

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Casebooks

Admiralty

Key Terms