Proposed IAA Amendments29 January 2020
In this article we discuss the proposed amendments to Singapore’s International Arbitration Act.
Insights
Featured Topics
Marshall Islands removed from EU blacklist; economic substance guidelines forthcoming11 October 2019
On October 10, 2019, the Marshall Islands was removed from the European Union’s blacklist of non-cooperative jurisdictions for tax purposes.
Cruise Control: US sanctions close the door on Cuban people-to-people cruises6 June 2019
Daniel Pilarski discusses the US government’s new sanctions on people-to-people cruises in Cuba and their repercussions.
IMO 2020 sulphur requirements: Key contract issues for shipowners to consider10 April 2019
Our authors look at the key issues for shipowners in contracts for the acquisition, transport, installation and commissioning of scrubbers to meet IMO 2020 sulphur requirements.
Ship passage plans – no room for error!4 April 2019
Following a recent judgment, shipowners will have to ensure that, through its agents and servants, due diligence is exercised to produce a non-defective passage plan that clearly contains the necessary warnings.
WFW advises MSC Cruises on €2.5bn financing for three new vessels7 February 2019
The financing structure provides construction financing for the Vessels as well as post-delivery financing in respect of 80% of the total cost of construction of the three vessels.
WFW advises MSC Cruises on €1.5bn financing for two new Seaside EVO class cruise ships7 August 2018
We advised long-standing client MSC Cruises on the €1.5bn ECA-backed financing for two new Seaside EVO class cruise ships.
WFW advises TUI Cruises GmbH on building contracts for two new InTUItion class passenger cruise ships17 July 2018
To be involved in the negotiation and conclusion of the building contracts for these two newbuilds was a great pleasure for WFW
WFW advises Brittany Ferries on the financing of the ferry “Honfleur”3 January 2018
The deal was particularly innovative in that it comprised financing by means of both a lease-purchase agreement and a loan, as well as sub-participation by the European Investment Bank (EIB).
WFW advises MSC Cruises on delivery of Seaside class cruise ship and continuing expansion plans30 November 2017
The “MSC SEASIDE” is due to enter service in December 2017, and will operate year-round to the Caribbean, from a renovated and expanded dedicated berth and terminal at the Port of Miami, Florida, USA.
WFW advises Royal Caribbean Cruises Ltd on ECA Financing of ICON 1 and ICON 21 November 2017
The ships of over 200,000 gross tons each are due to deliver in 2022 and 2024 respectively.
WFW advises Commerzbank on corporate loan to FRS Group8 August 2017
Other tranches of the loan will be used to renew its ferry fleet operating between Hamburg and Heligoland (including a newbuild vessel for 2018) and to expand its business in the US northwest.
