In this article we discuss how the ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes it both timely and welcome that BIMCO has produced a standardised term sheet.
The loan is secured over three large container ships operated by Maersk A/S, a subsidiary of AP Moller Maersk.
In the fifth of a seven-part series on the application of US sanctions to the shipping community, this article explores US sanctions on Russia/Ukraine.
This article examines an Admiralty Court decision determining whether to approve the sale of a 7th generation drillship that had been laid up for a protracted period.
The UK’s National Minimum Wage (Offshore Employment) (Amendment) Order 2020 came into force on 1 October 2020. In this briefing we explain the main provisions of the new legislation and how the changes will affect maritime employers and seafaring employees.
This is the fourth of a seven-part series on the application of US sanctions to the shipping community. This article will focus on US sanctions on Cuba.
Watson Farley & Williams have acted as maritime counsel to leading Russian shipowner Sovcomflot on their US$550m Initial Public Offering.
The case – YS GM Marfin II LLC and Ors v Muhammad Ali Lakhani and Ors [2020] – provided helpful clarification on a number of aspects of the law of undue influence.
This article examines a recent decision in which the Commercial Court in London clarified a number of aspects of the law of undue influence.
The UK’s furlough scheme ends on 31 October 2020. From 1 November 2020, the new Job Support Scheme will take effect and continue until the end of April 2021. In this article we summarise the main provisions of the scheme.
This report highlights some recent developments and forthcoming changes in the sanctions landscape which will increase the importance of compliance, most likely complicate the task and which have particular relevance for the maritime industry.
In the third of a seven-part series on the application of US sanctions to the shipping community, this article explores noncomprehensive sanctions, with a focus on Venezuela, the Global Magnitsky Human Rights Accountability Act and Hong Kong.