MORTGAGE FORECLOSURES AND JUDICIAL SALES IN SOUTH AFRICA

Mortgage foreclosures and judicial sales in South Africa: We regularly act for mortgagee banks, ship financiers and vessel creditors in the arrest and subsequent judicial sales of vessels in South Africa, recently including the “Cape Providence”, “Advantage Sky”, “Schliemi Rickmers” and “Pretty Scene”. In 2020, Andrew Pike and Lana Stockton acted for the mortgagee in the sale of the “Cape Providence” by public auction. Also in 2020 Craig Cunningham and Lana Stockton advised the owners of the “Advantage Sky” which had been arrested and Andrew Pike advised the eventual purchasers of the vessel.