“…Investment Corporation all v Skibs A/S Avanti [1976] 1 Lloyd’s Rep 293, the other by Mocatta J in North Ocean Shipping Co Ltd v Hyundai Construction Co Ltd [1979] QB 705, which traces the development of this branch of the law from its origin in the eighteenth and early nineteenth century cases.…”
“…Worldwide Investment Corp v Skibbs A/S Avanti [1976] 1 Lloyd’s Rep 293 and North Ocean Shipping Co Ltd v Hyundai Construction Co Ltd [1979] QB 705. In the first of these cases, a charterer of vessels alleged that it had no substantial assets and threatened that if the hire rates were not reduced it would …”