The COVID-19 crisis has not slowed the Trump administration’s “maximum pressure” sanctions policy against Iran and Venezuela, which continues to pose risks to shipowners.
The global spread of COVID-19 has a major impact on dispute resolution in Germany in relation to pre-litigation concerns and dispute prevention, as well as the practicality of conducting disputes in front of state courts and arbitral tribunals.
Our authors explore the UK Government’s planned suspension of directors’ personal liability for wrongful trading rules during the COVID-19 pandemic.
This article examines whether the impact of COVID-19 pandemic may constitute a force majeure event under Greek law perspective and if so, how it may affect the performance of contractual obligations in the Greek jurisdiction
Germany has implemented measures to support businesses struggling from the effects of the COVID-19 epidemic. This includes a protective financial shield as well as changes to German civil and insolvency law.
We have formed a dedicated team to assist our clients worldwide to deal with any and all challenges faced by businesses affected by the government lockdowns.
The German Federal Government has announced support measures for businesses struggling from the effects of the COVID-19 epidemic. This newsletter focuses on the implementation of a protective financial shield as well as certain additional measures including tax reliefs and a loosening of insolvency filing requirements.
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.
On December 19, 2019, The US CBP announced a change in its interpretation of Section 27, which in general leaves room for expansion of the universe of items that non-US-flagged vessels may deliver to US offshore installations.
The initial consideration, payable by Zenith on completion, will be settled through the issue of 6.7m new Zenith shares.