Ship Finance and COVID-1925 March 2020
This briefing will discuss the potential effect of the COVID-19 crisis on borrowers and lenders and their English law loan facilities.
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WFW advises TUI Cruises on US$1.3bn acquisition of Hapag-Lloyd Cruises12 February 2020
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.
Issues in ship leasing transactions12 September 2019
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.
The 2020 Global Sulphur Cap26 October 2018
Read to find out about the potential challenges in relation to the financing of retrofitted scrubbers on an asset finance basis.
Duties owed by mortgagees of ships when exercising their “power of sale”25 September 2018
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.
US secondary sanctions on Iran and the EU Blocking Statute: Implications for the shipping industry15 August 2018
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?
OSX 3 – Superior Court removes doubt over recognition of non-Brazilian mortgages27 February 2018
Federal Superior Court of Justice in Brasilia overturns lower court’s decision refusing to enforce Liberian mortgage against FPSO operating in Brazilian waters.
WFW advises Teekay LNG joint venture on US$1.6bn financing for innovative icebreaker LNG carrier newbuildings14 December 2017
The Yamal LNG project in Arctic Russia is one of the largest and most complex LNG projects in the world.