WFW advises Lenders on 165 MW Valorem wind and solar portfolio refinancing9 October 2020
The portfolio comprise 11 wind farms and two photovoltaic plants located in France with a total installed capacity of 165 MW, all owned by French IPP Valorem.
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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.
National Minimum Wage for seafarers8 October 2020
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.
US Sanctions: Spotlight on Cuba7 October 2020
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.
Testing Times: The FCA Test Case on Covid-19 Business Interruption insurance7 October 2020
This article examines the English High Court’s decision on the coverage provided by Business Interruption insurance policies in relation to losses arising from the Covid-19 pandemic and resulting Government measures.
WFW advises Deutsche Börse on sale of Regulatory Services GmbH to MarketAxess7 October 2020
The transaction is expected to close in the fourth quarter of 2020, subject to European Commission merger clearance. The sale of the Regulatory Services does not affect any other services provided by Deutsche Börse Group.
WFW advise Sovcomflot on US$550m IPO7 October 2020
Watson Farley & Williams have acted as maritime counsel to leading Russian shipowner Sovcomflot on their US$550m Initial Public Offering.
WFW advises Tradebe on acquisition of tank farm in port of Hamburg6 October 2020
TWG currently consists of 22 tanks with a total storage capacity of circa 74,000 cubic metres located in the port of Hamburg.
Energy Transition – Net zero through integration in the UK6 October 2020
The OGA’s 2020 UKCS Energy Integration Final Report highlighted the role that co-ordinating energy infrastructure and integrating existing assets with new renewable technologies can play in the energy transition.
Commercial Disputes Weekly – Issue 466 October 2020
In this week’s Commercial Disputes Weekly the English court shows that it won’t be shy about holding parties to their contractual bargains, whether by issuing anti-suit injunctions or by applying a strict interpretation to the exclusive jurisdiction rules under the Brussels Recast Regulation. Plus the latest decision relating to the construction of the Energy Works Hull power plant and an interesting decision on the scope of legal professional privilege.
WFW represents YieldStreet in successful court case against Lakhanis6 October 2020
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.
WFW advises Seanergy on US$25m public offering5 October 2020
Units consisting of one common share (or pre-funded warrant) and one Class E warrant were sold in an underwritten public offering registered with the Securities and Exchange Commission for gross proceeds of approximately US$25m.