SCL Basilisk AG v. Agribusiness United Savannah Logistics LLC

The Eleventh Circuit affirmed the district court's denial of relief in an action brought by SCL Basilisk against Thorco for an order requiring the posting of a security by Agribusiness Savannah, Agribusiness United, Agribusiness United DMCC, and Sonada, in aid of a pending international arbitration in London, United Kingdom. The underlying petition arose out of a commercial dispute between the parties over the performance of a charter agreement. The court held that the relief sought by plaintiffs was not authorized by Rule B of the Supplemental Rules for Admiralty or Maritime Claims and Asset Forfeiture Actions, Georgia law, or principles of maritime law. View "SCL Basilisk AG v. Agribusiness United Savannah Logistics LLC" on Justia Law