Sanctions Compliance11 November 2020
In the last of a seven-part series on the application of US sanctions to the shipping community, this article discusses the importance of sanctions compliance.
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Long term aircraft storage – risks for lessors, airlines and their insurers10 November 2020
The article discusses the risks resulting from long term aircraft storage and addresses a number of issues and appropriate steps which lessors, airlines and their insurers should consider.
Taiwan deal wins Renewable Energy Deal of the Year – Solar 20205 November 2020
The deal involved a loan facility on a project which is understood to be Taiwan’s largest private ground mount utility scale solar project to date.
European Commission gives IHM enforcement guidance4 November 2020
This article discusses new guidelines for the enforcement of obligations relating to the IHM requirement of the EU Ship Recycling Regulation for vessels operating in EU waters following concerns that the impact of Covid-19 will mean that many shipowners will not be able to comply by the 31 December 2020 deadline.
Conflicts of Laws: Blocking Statutes and Antiboycott28 October 2020
In the sixth of a seven-part series on the application of US sanctions to the shipping community, this article explores conflicts of laws resulting from the EU Blocking Statute and US antiboycott law.
Bliss for shipowners! Damages may be claimed in addition to demurrage for voyage charterparty delay27 October 2020
This article discusses a significant recent decision by the English Commercial Court which answers a much-debated question for owners.
WFW advises Nordea on Euronav US$713m loan facility20 October 2020
The first drawdown refinanced indebtedness in relation to nine VLCCs and three Suezmaxes and security included Belgian, Greek and French mortgages over these ships.
BIMCO ‘SHIPLEASE’ Term Sheet19 October 2020
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.
WFW advises CIT on US$70m loan facility16 October 2020
The loan is secured over three large container ships operated by Maersk A/S, a subsidiary of AP Moller Maersk.
US Sanctions: Spotlight on Russia14 October 2020
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.
Commercial Disputes Weekly – Issue 4713 October 2020
In this week’s Commercial Disputes Weekly, discover the final word from the Supreme Court on the law applicable to arbitration agreements, as well as how the rule on reflective loss is being applied and what happened in a case where WFW acted for the successful claimant lenders when allegations of undue influence were made.
Going once! Going twice! Sold! – English court gives helpful guidance on ship auction sale procedure9 October 2020
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.