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Judgment: The couple used to run a shipping business together, but were now in the midst of a bitter divorce. The wife had obtained a freezing order to prevent the disposal or charging of four vessels operated within that business. Her case was that she and the husband were entitled to beneficial interests in shares in the companies which owned the vessels. The freezing order had been discharged on appeal, and then reinstated pending this appeal by the wife. The appeal was allowed by Males, Moylan and Phillips LJJ and the freezing order would continue, but on the terms set out in the schedule to the judgment, which would allow one of the vessels to be sold, or for vessels to be charged as security for a loan. If nothing had been done, there was a risk that the vessels would have had to be sold for no more than scrap value, which would not have been in the wife's interests.

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