A regulatory minefield: Iran sanctions and the EU Blocking Statute
How will the regulatory minefield created by US sanctions against Iran and the EU’s retaliatory Blocking Statute will impact on the shipping sector?
Author: Richard Strockl Archive
Do arbitration agreements in bills of lading bind their holders?
In Sea Masters Shipping Inc v Arab Bank (Switzerland) Ltd, the Court ruled that the holder of a bill of lading which includes or incorporates an arbitration agreement will be subject to the jurisdiction of a tribunal formed under the arbitration agreement.
Fluctuating oil prices revisited: contractual pressure points and lessons learnt
This briefing discusses how increased oil prices now affect contracts and offers solutions to some common issues.
VAT reverse charge for construction services from 1 October 2019
A VAT “reverse charge” for business-to-business supplies of certain construction services is due to apply from 1 October 2019. How should you prepare?
WFW advises CMBFL on US$180.4m sale and leaseback of 15 dry bulk vessels
We advised CMB Financial Leasing Co., Ltd on a US$180.4m sale and leaseback transaction with Star Bulk Carriers Corp.
WFW advises on US$50m facility to First Ship Lease Trust
The facility is secured on 14 of First Ship Lease Trust’s vessels flagged in either the Bahamas or Singapore.
WFW advises MSC Cruises on €1.5bn financing for two new Seaside EVO class cruise ships
We advised long-standing client MSC Cruises on the €1.5bn ECA-backed financing for two new Seaside EVO class cruise ships.
WFW advises ING Bank on US$220m nine vessel financing
“We are once again delighted to have worked with ING, a longstanding client, on this new financing to Latsco, one of the highest quality operators in the product tanker sector”.
Preventing operation of the prevention principle?
How does the recent Court of Appeal judgment in North Midland Building Ltd v Cyden Homes Ltd affect the prevention principle in English law?
No cross-undertakings in damages for ship arrests
Charles Buss and Nick Payne discuss the recent decision of the Admiralty Court in London, Natwest Markets Plc v Stallion Eight Shipping Co. S.A., in which we acted for the successful party. Has the recent decision confirmed the attractiveness of England as a jurisdiction for the arrest of ships?