Singapore legislation
Clause 7
Clause 7
Court’s powers on stay of Admiralty proceedings
(1)
Where a court stays Admiralty proceedings under section 6, the court may, if in those proceedings property has been arrested or bail or other security has been given to prevent or obtain release from arrest, order —
that the property arrested be retained as security for the satisfaction of any award made on the arbitration; or
that the stay be conditional on the provision of equivalent security for the satisfaction of any such award.
(2)
Subject to Rules of Court and to any necessary modification, the same law and practice shall apply in relation to property retained in pursuance of an order under this section as would apply if it were held for the purposes of proceedings in the court which made the order.