SANKO STEAMSHIP CO. LTD. AND ANOTHER v. EACOM TIMBER SALES LTD. (THE “SANKO IRIS” AND “SANKO VENUS”)

[1987] 1 Lloyd's Rep. 487

CANADA SUPREME COURT OF BRITISH COLUMBIA

Before Mr. Justice Macdonald

Contract of affreightment - Repudiation - Insolvency of plaintiffs - Plaintiffs applied to Japanese Court for protection pursuant to Japanese Corporate Rehabilitation Law - Defendants accepted such conduct as repudiation and terminated contract - Whether plaintiffs entitled to damages for alleged wrongful repudiation - Canada.