Marshall Islands removed from EU blacklist; economic substance guidelines forthcoming
On October 10, 2019, the Marshall Islands was removed from the European Union’s blacklist of non-cooperative jurisdictions for tax purposes.
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US Sanctions COSCO: Effects on the Shipping Community
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.
WFW advises CMBFL on US$93.7m sale and leaseback transaction with Star Bulk
Shanghai-based CMBFL provides financial leasing solutions to large, medium and small businesses across China. It is a subsidiary of China Merchants Bank, the first share-holding commercial bank wholly owned by corporate legal entities in China.
WFW advises Zeaborn on joint venture with MPC Capital Group
Under this joint venture, ZEABORN and MPC will combine their global activities for the chartering and commercial management of 160 container and bulk carriers.
Issues in ship leasing transactions
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.
DfT and Maritime London event roundup
Our Global Head of Maritime, Lindsey Keeble moderated a panel… Read more
London International Shipping Week9 September 2019
How can we ensure the future success of both the maritime industry and the environment? We will be exploring this question at London International Shipping Week, the UK’s leading annual industry gathering.
US Sanctions Government of Venezuela: Not Quite an Embargo
On August 5, 2019, US President Donald Trump continued to escalate US sanctions on Venezuela by imposing direct blocking sanctions on the Government of Venezuela.
Environmental Insights; Current Themes in Shipping11 September 2019
Our breakfast briefing will explore the key issues stakeholders need to be aware of when navigating the law and evolving practice relating to environmental compliance.
WFW advises EnTrust Global on US$150m sale and leaseback to Danaos Corporation
We advised EnTrust Global’s Blue Ocean Funds on their US$150m sale and leaseback transaction of two container vessels acquired from and chartered back to two subsidiaries of Danaos Corporation.