V Ships Limited v Luna Management Corporation & Ors EWHC 3329 (Comm)
London arbitrators issued an Award in a dispute between V-Ships and Luna (managers of “M.T. “Priority”) under a ship management agreement. The Award and a subsequent Injunction, restrained Luna from commencing or continuing any other civil claims arising out of the agreement; nonetheless, Luna and Lambros Stravelakis (adjudged by the Court to be “the directing mind and will of Luna”) persisted in proceedings in Greece. With judgment in the latter imminent, the Court granted V-Ships’ application for a Contempt of Court order against Mr Stravelakis, indicating a real possibility of a custodial sentence being imposed.
