WFW advises ING Bank on sustainability-linked JOLCO with Stolt-Nielsen and FPG10 August 2022
The interest rate under the term loan facility is linked to an annual ESG score.
The interest rate under the term loan facility is linked to an annual ESG score.
All sustainability provisions, including both environmental and social targets, are consistent across the facilities.
Jurisdiction issues arise in three of the cases in this week’s Commercial Disputes Weekly with a clash between an arbitration agreement and a direct action statute, the latest instalment in the dispute over Venezuelan gold and how to serve orders through blockchain on unidentified website operators. The final case considers the requirements for terminating a bareboat charter following a terrorism event of default.
The two additional newbuildings planned – Explora V and Explora VI – will use LNG as a main fuel as well as green hydrogen to bring emissions down to zero in port.
A quartet of interpretation cases this week: Commercial Disputes Weekly covers decisions by the Court of Appeal on rent cesser clauses during the pandemic and the requirements for rent repayment orders, and the Commercial Court looks at a commodities sale and purchase agreement and decisions of an arbitral tribunal and judge.
The vessel was formerly operated under the Crystal Cruises brand and owned by a subsidiary of Genting Hong Kong Limited.
In this article, we discuss the increasing risks relating to climate change litigation (including as highlighted by recent reports) and what businesses should do to mitigate them.
The facility will enable FINAV to finance part of the acquisition of up to four eco or super-eco MR product tankers.
These two e-mobility hubs between will provide a total of 80 electrified parking spaces exclusively powered by renewable energy.
In the second part of our series of articles on offshore wind and the maritime sector, London Partners Richard Smith explore the financing and bankability of offshore wind installation vessels.
The loan will enable TXL to finance the acquisition of new shipping containers.
The total cost of the investment was €21M and was funded by Attica Group’s equity and the bond loan facility.