In this article we discuss Havila Kystruten AS v Abarca Compania de Seguros AS in which we represented the successful Norwegian shipowner. The judgment is welcome for the detailed guidance on the parties’ rights to terminate shipbuilding contracts as well as the nature and scope of refund guarantees.
On 5 December 2022, the long-awaited Russian oil price cap measures and related sanctions came into effect. This article highlights some of the challenges and risks that may be posed to the maritime industry in attempting to comply.
A document heavy Commercial Disputes Weekly with two decisions on disclosure considering collateral use and removal of privilege issues. We also look at a decision on the interplay of termination provisions in finance leasing documents and illegitimate reasons for declaratory relief.
The KPS 12 Vessel supplies energy under a power purchase agreement to the Electricity Company of Ghana.
In this client alert, we summarise the amendments made by The Republic of Liberia to the Liberian Maritime Law and Liberian Maritime Regulations with respect to ship mortgages.
On 17 November 2022 Bimco unveiled its long-awaited CII Operations Clause for Time Charter Parties. This article explores what the clause does and doesn’t achieve.
In this article we summarise the CII framework, explain where this fits in the wider IMO decarbonisation agenda and ask whether CII can really work and survive in its current form.
In this Commercial Disputes Weekly we examine whether an arbitration agreement can exist when no binding contract was concluded. We also consider a post-Brexit anti-suit injunction, the duty of care under a yacht delivery contract and when a landlord can obtain dispensation from notice requirements.
After completion, the terminal will be used to import various liquefied gases including LNG for the benefit of regional industries.
Our latest Commercial Disputes Weekly covers a decision of the Admiralty Court that apportions collision liability between three vessels, another attempt to stay enforcement of an adjudication decision pending a challenge, together with guidance on court procedure for Brexit transition claims and documents requiring service in Ukraine.
WFW advised a syndicate of banks on a first of its kind green financing to New Zealand’s state-owned rail operator KiwiRail Holdings Limited.
The vessel was funded by a pre- and post-delivery financing facility backed by Italian ECA SACE.