This briefing examines the decision in Shanghai Shipyard Co. Ltd. v Reignwood International Investment (Group) Company Limited & Ors , in which the Commercial Court considered whether an instrument issued in relation to a shipbuilding contract was a see-to-it or an on-demand guarantee.
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Partners Steven Hollander and Daniel Rodgers led the WFW New York Corporate team that advised long-standing client Royal Caribbean Cruises Ltd. on matters of maritime and Liberian law in connection with a US$3.3bn private offering.
In May 2020, OFAC, the US State Department and US Coast Guard issued a joint Sanctions Advisory for the Maritime Industry.