A broad spectrum of cases in this issue of Commercial Disputes Weekly covering sanctions and loan notes, rent default in an aircraft lease, a shareholder derivative action challenging climate risk management and remoteness of losses in a cargo sale chain.
CDW will be taking a short break. The next issue will be available on Tuesday 6 June 2023.
An overview of the new UK tonnage tax election window.
Read the 107th edition of our weekly update on Italian labour law.
In this issue of Commercial Disputes Weekly, we consider a Supreme Court decision on limitation of time in respect of an oil spill, interpretation of an aviation lessor determination clause, the requirements for formation of a lease and whether it was reasonable to believe that sanctions applied.
In a judgment likely to benefit the whole aviation lessor community, WFW represented Genesis in its successful claims against SpiceJet for non-compliance with redelivery conditions.
In this edition of Commercial Disputes Weekly, we discuss a Court of Appeal decision on a novel issue as to the status of a bill of lading in the hands of a charterer, as well as judgments on interpretation of a covenant not to build, the applicable law for an interest claim and a case that will not get its day in the Supreme Court.
Hamburg Public Prosecutor Michael Elsner has provided insightful commentary concerning the criminal liability of ship dismantling under German criminal law in a recent article who’s key points we summarise in this article.
This article explores the workings of the EU UK and Swiss (CH) ETS schemes, including their enforcement mechanics, and the risk that an aircraft operator’s non-compliance with them poses to lessors across those jurisdictions which fall within these schemes.
Following the recent launch of ‘The Sustainability Imperative – Part 2’, Partner Michael Savva examines changing attitudes to sustainability and ESG in the Middle East maritime industry.
On 18 April 2023, the European Parliament voted in favour of the legislative amendments published on 8 February 2023 to the EU Emissions Trading Directive to include the maritime sector in the EU’s Emissions Trading Scheme.
On 23 March 2023, we published part two of ‘The Sustainability Imperative’. One of the key findings in the follow-up report is that shipowners have become more collaborative. In 2021, two-thirds said they would like to form partnerships to pursue innovation. Now, 56% are already in an ESG-linked tie-up.
A strong transport theme for this issue of Commercial Disputes Weekly, with a decision on the impact of sanctions on aircraft leasing standby letters of credit and two maritime decisions on unseaworthiness and recovery of standby charges. We round it off with a look at whether recent damage from a WWII bomb falls within the war exclusion of an insurance policy.