On 10 June 2021, the German Parliament (Bundestag) adopted the Act on the Implementation of the Digitalisation Directive (Gesetz zur Umsetzung der Digitalisierungsrichtlinie, DiRUG) of the European Union, setting the framework for the online formation and registration of branches of new businesses in Germany.
Corporate and M&A Partners Daniel Saunders and Mark Tooke, in a feature article for Bunkerspot, discuss the increase in M&A, joint venture and direct investment activity in maritime technology from investors both within and outside of the maritime industry.
As the reduction in carbon emissions becomes an increasing international priority, managing emissions in the maritime sector is particularly under the spotlight. This article explains how the EU emissions trading scheme is expected to apply to the shipping industry, the current status of the UK emissions trading scheme and the legal and commercial issues that may arise.
Ambitious proposals from the OECD to restructure the system of global taxation of multinational companies are gaining real momentum. This article discusses these proposed reforms, their potential to cut through tax policies applied to shipping and whether shipping will gain an exemption from the global minimum effective tax rate.
Drawing on the findings of our recent report “The Sustainability Imperative”, this article takes a look at some of the possible fuels to replace heavy fuel oil in the shipping industry. While some of these alternative fuels may eventually prove to be intermediate solutions, they remain an essential part of the industry’s journey to its carbon neutral future.
WFW advises Euromont and Navigazione Montanari on €35m product tanker acquisition financing11 May 2021
The six-year loan is backed by Italian export credit agency SACE through its “Garanzia Italia” facility and was partly used by Euromont for the purchase of two product tankers.
This article discusses some key benefits of Singapore’s Electronic Transactions (Amendment) Act 2021 and its impact on the maritime sector, focusing on e-bills of lading with a Q&A at the end.
Ship-owning joint ventures are a common occurrence in today’s market. This article explores the “Steel Split”, a mechanism that is somewhat unique to maritime joint venture documents.
As the maritime sector increasingly turns its attention to environmental, social and corporate governance issues, our latest article explores seafarer welfare, particularly during the COVID-19 pandemic, and how employers can promote the wellbeing of seafarers.