Part 6Diligence on the dependence

171Abolition of letters of loosing

1

Subject to subsection (2) below, it is no longer competent for any court to loose an arrestment.

2

Subsection (1) above does not affect—

a

any enactment or rule of law relating to the loosing of an arrestment of a ship or its cargo; or

b

the exercise of any other power of the court to recall or restrict an arrestment.