Recently, Textainer Equipment Management Limited filed an application to the Guangzhou Maritime Court for the arrest of M/V Gati Prestige as pre-litigation security for a maritime claim against GATI Limited over a dispute arising from a container lease. The Guangzhou Maritime Court thus legally arrested M/V Gati Prestige. Subsequently, the litigant parties reached a settlement through mediation presided over by a judge from the Case Filing Chamber of the Guangzhou Maritime Court. Consequently Textainer withdrew the action and M/V Gati Prestige was released.
Afterwards, Charles, the person in charge of Textainer, wrote to this Court in praise of the justice and efficiency we showed in each stage throughout the dispute resolution.