A regulatory minefield: Iran sanctions and the EU Blocking Statute15 August 2018
How will the regulatory minefield created by US sanctions against Iran and the EU’s retaliatory Blocking Statute will impact on the shipping sector?
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Do arbitration agreements in bills of lading bind their holders?14 August 2018
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.
WFW advises CMBFL on US$180.4m sale and leaseback of 15 dry bulk vessels9 August 2018
We advised CMB Financial Leasing Co., Ltd on a US$180.4m sale and leaseback transaction with Star Bulk Carriers Corp.
WFW advises on US$50m facility to First Ship Lease Trust8 August 2018
The facility is secured on 14 of First Ship Lease Trust’s vessels flagged in either the Bahamas or Singapore.
WFW advises MSC Cruises on €1.5bn financing for two new Seaside EVO class cruise ships7 August 2018
We advised long-standing client MSC Cruises on the €1.5bn ECA-backed financing for two new Seaside EVO class cruise ships.
WFW advises ING Bank on US$220m nine vessel financing7 August 2018
“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”.
No cross-undertakings in damages for ship arrests3 August 2018
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 ships17 July 2018
To be involved in the negotiation and conclusion of the building contracts for these two newbuilds was a great pleasure for WFW
WFW advises Grindrod Shipping on dual listing4 July 2018
We advised Grindrod Shipping Holdings, the shipping arm of South African transportation and logistics provider Grindrod, on its spin-off from its parent and its US$320m primary listing on NASDAQ and secondary listing on the Johannesburg Stock Exchange.
WFW advises Pacific Basin Shipping on US$325m refinancing of 50 vessels3 July 2018
advised PB Vessels Holding Ltd on a US$325m secured revolving credit facility for the refinancing of 50 vessels.
WFW advises Okeanis Eco Tankers Corp. on US$100m Oslo IPO2 July 2018
We advised an industry leader on their first ever maritime listing, especially given that they are set to become the Alafouzos family’s primary vehicle for tanker activities.
VAT Recovery for Bid Costs28 June 2018
The CJEU’s Advocate General appears to widen the scope for operating companies to recover VAT on the costs of strategic takeovers.