On 7 August 2018, both the first wave of re-imposed US secondary sanctions, and the EU Blocking Statute took effect: how can we comply with two incompatible laws at the same time?
WFW advises Taconic Capital on largest ever Italian shipping debt portfolio acquisition with SC Lowy
We advised Taconic Capital on its joint acquisition with SC Lowy of a shipping portfolio of UTP from Italy’s Monte dei Paschi di Siena group.
How will the regulatory minefield created by US sanctions against Iran and the EU’s retaliatory Blocking Statute will impact on the shipping sector?
In Sea Masters Shipping Inc v Arab Bank (Switzerland) Ltd, the Court ruled that the holder of a bill of lading which includes or incorporates an arbitration agreement will be subject to the jurisdiction of a tribunal formed under the arbitration agreement.
We advised CMB Financial Leasing Co., Ltd on a US$180.4m sale and leaseback transaction with Star Bulk Carriers Corp.
The facility is secured on 14 of First Ship Lease Trust’s vessels flagged in either the Bahamas or Singapore.
We advised long-standing client MSC Cruises on the €1.5bn ECA-backed financing for two new Seaside EVO class cruise ships.
“We are once again delighted to have worked with ING, a longstanding client, on this new financing to Latsco, one of the highest quality operators in the product tanker sector”.
Charles Buss and Nick Payne discuss the recent decision of the Admiralty Court in London, Natwest Markets Plc v Stallion Eight Shipping Co. S.A., in which we acted for the successful party. Has the recent decision confirmed the attractiveness of England as a jurisdiction for the arrest of ships?
WFW advises TUI Cruises GmbH on building contracts for two new InTUItion class passenger cruise ships
To be involved in the negotiation and conclusion of the building contracts for these two newbuilds was a great pleasure for WFW