This report highlights some recent developments and forthcoming changes in the sanctions landscape which will increase the importance of compliance, most likely complicate the task and which have particular relevance for the maritime industry.
In the third of a seven-part series on the application of US sanctions to the shipping community, this article explores noncomprehensive sanctions, with a focus on Venezuela, the Global Magnitsky Human Rights Accountability Act and Hong Kong.
In the second of a seven-part series on the application of US sanctions to the shipping community, this article focuses on the comprehensive sanctions regimes against Iran, Syria and North Korea.
In the first of a seven-part series on the application of US sanctions to the shipping community, this article provides a general overview of said sanctions.
The US has unilaterally pulled out of its shipping tax treaty with Hong Kong, which will affect Hong Kong and US taxpayers engaged in shipping.
In this article we discuss the recent case of Begum (on behalf of Mollah) v Maran (UK) Limited and the potential implications for the entire industry regarding ongoing liability in relation to ship recycling.
In May 2020, OFAC, the US State Department and US Coast Guard issued a joint Sanctions Advisory for the Maritime Industry.
In this article we consider the English Court of Appeal’s decision in Lakatamia Shipping Company Limited v Morimoto on applications for freezing orders and demonstrating a risk of dissipation.
In a judgment handed down today, WFW acted for the successful party on an appeal to the English Commercial Court on key questions concerning SAJ Form shipbuilding contracts (SBCs). This article explores the judgment.
A summary of recent developments, and insights, in relation to the implementation of the UAE Federal Law No. (8) of 2018 on Finance Leases.
