In this article we discuss the salient points of the Inland Revenue (Amendment) (Ship Leasing Tax Concessions) Bill 2020 which was gazetted on 17 January 2020.
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.
As the importance of ship leasing as an alternative to debt financing grows, one potentially difficult and uncertain issue should be examined: the risk of a lease being recharacterised in US legal proceedings.
This briefing examines some structural and documentary issues which should be considered by Lessees/Charterers.
Landmark Court of Appeal decision on ship arrest counter-security and wrongful arrest damages11 December 2018
In a landmark ruling that has brought welcome clarity to a legal ‘hot topic’ that has been debated for many years, the English Court of Appeal has now upheld the first instance decision of the Admiralty Court in The Alkyon.
This article examines a recent UK Admiralty Court decision, in which we acted for the successful shipowner, on ship arrests for claims against bareboat charterers.
Going once! Going twice! Sold! – English court gives helpful guidance on ship auction sale procedure9 October 2020
This article examines an Admiralty Court decision determining whether to approve the sale of a 7th generation drillship that had been laid up for a protracted period.
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.
The Financial Leasing Law has the potential to provide a systematic change to the regulatory landscape surrounding finance leasing in UAE. Read more to stay updated on the matter.
The ZouZou – If the owner’s marine insurers decline cover for a total loss, will the lender’s mortgagee’s interest insurance policy come to the rescue?