“…nerisation, which had been heavily criticised by District Judge Beeks in the United States District Court in Seattle in The Aegis Spirit 414 F.Supp 894 at 902; [1977] 1 Lloyd’s Rep 93 at 100-101, and subsequently abandoned by United States courts. The functional economics test had also been rejected in this jurisdiction by the Court of Appea…”
“…tional economics” test was heavily criticised by District Judge Beeks in the United States District Court in Seattle in The Aegis Spirit 414 F.Supp 894 at 902; [1977] 1 Lloyd’s Rep 93 at 100-101, quoted by Phillips LJ in The River Gurara [1998] QB 610B-G. As Phillips LJ noted at 621-3, the “functional economics” test was abandoned by United …”