A Convention on judicial sales of ships?

At the IMO’s Legal Committee LEG102 in 2015, a Draft Convention on the judicial sale of ships was considered. The Legal Committee’s verdict was that CMI should demonstrate a “compelling need” for such a convention, and should seek to get IMO member states and other UN agencies on board with the project. The Draft Convention will be considered again at LEG103 in June 2016. Will CMI be able to demonstrate a compelling need for a Convention?

The Draft International Convention on Foreign Judicial Sales of Ships and their Recognition was first agreed at Beijing in October 2012, amended at Dublin in 2013 and approved by the Assembly of the 41st International Conference of the CMI in Hamburg on 17 June 2014.