The new unit will join Amoretti’s fleet currently comprising 11 tankers all flying under an Italian flag, with different years of construction and capacity.
The deal includes the acquisition of HL Cruises’ luxury and expedition fleet, consisting of two five-star plus luxury vessels and three expedition cruise ships, by TUI Cruises.
Khin has considerable experience in cross-border transactions involving Chinese borrowers and security providers.
With the quarantine of a cruise liner in Japan, the implications of the coronavirus outbreak are now being felt by the travel and leisure sector. We examine the implications for cruise lines, travel insurers and employers.
Now that Brexit has taken place, the UK has entered a transition period that will last until 31 December 2020, commencing a countdown for EEA nationals and their family members to secure their long term right to live and work in the UK.
With an overall indebtedness of slightly less than €1bn, RBD has been adjudicated in bankruptcy by the Court of Torre Annunziata.
This is the third of a series of three linked articles focusing on France’s 2020 Finance Bill. This article explores the new depreciation regulations for green investments in the maritime sector.
This is the second linked article focusing on France’s 2020 Finance Bill. This article discusses the impact the new bill will have on corporate transactions and the management of large French corporations.
French Finance Bill 2020: First French Global Anti-Hybrid Rules and tax measures in an international environment (Part 1/3)
This is the first of a series of three linked articles focusing on France’s 2020 Finance Bill. This article examines France’s first global anti-hybrid regulations and tax measures in an international environment.
WFW advises Teekay Tankers on US$533m revolving credit facility and sale of its non-U.S. STS transfer support business
The credit facility will be used to refinance 31 vessels as well as repay circa US$455m of Teekay Tankers’ existing debt and extend balloon maturities from 2020/2021 until the end of 2024.