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?
Welcome to the fourth edition of Watson Farley & Williams’ maritime disputes newsletter – a publication designed to help you get to grips with the latest developments in English maritime law.
The COVID-19 crisis has not slowed the Trump administration’s “maximum pressure” sanctions policy against Iran and Venezuela, which continues to pose risks to shipowners.
In this week’s Commercial Disputes Weekly, the Commercial Court grants a lengthy extension for the time to challenge a consent award for serious irregularity. Another judgment has been added to the long running Prestige dispute between Spain and the vessel owner’s P&I Club.
Over a series of eight 60-minute webinars, our WFW partners from across Europe, Asia, the Middle East and USA, were joined by guest speakers from the leading global banks, financial advisors and private equity firms, where they discussed a wide range of topics pertinent to the transport industry.
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.
In the first in our series on the EU Taxonomy Regulation for Sustainable Investments, this article sets out the key concepts introduced by the Taxonomy Regulation and explains what this means for market participants in the transport sector.
COSCO Tanker and COSCO Shipping Tanker (Dalian) Seaman and Ship Management Co., as well as four other Chinese companies, have been placed on the list of “Specially Designated Nationals and Blocked Persons by the US Office of Foreign Assets Control. This article looks into the effects of these sanctions.
