This article examines the decision in Lamesa Investments Limited v Cynergy Bank Limited which is significant for the way it interpreted a general illegality provision in a standard form document to apply to US secondary sanctions.
The transaction was approved, subject to conditions, earlier in the year and involved the financial and commercial arrangements relating to the acquisition by TUIC of the HL Cruises’ business, including its luxury and expedition fleet, consisting of two five-star plus category luxury vessels and three expedition cruise ships.
Partners Lindsey Keeble and David Osborne, and George Macheras have written two expert analyses for prestigious shipping magazine Marine Money’s Q2 2020 edition.
This briefing examines some structural and documentary issues which should be considered by Lessees/Charterers.
This briefing will discuss the potential effect of the COVID-19 crisis on borrowers and lenders and their English law loan facilities.
The deal includes the acquisition of HL Cruises’ luxury and expedition fleet, consisting of two five-star plus luxury vessels and three expedition cruise ships, by TUI Cruises.
This article looks at ways in which a lease can in some respects be potentially more favourable to a creditor who is also a lessor as compared with the position of a secured lender.
Read to find out about the potential challenges in relation to the financing of retrofitted scrubbers on an asset finance basis.
Charles Buss, John Kissane and David Osborne discuss the recent English Admirality Court decision in Close Brothers v (1) AIS (Marine) 2 Limited (2) Paul Chandler.
On 7 August 2018, both the first wave of re-imposed US secondary sanctions, and the EU Blocking Statute took effect: how can we comply with two incompatible laws at the same time?