In this article we discuss the UK Court of Appeal’s recent decision on the construction of the Admiralty Solicitors Group standard collision jurisdiction wording (“ASG2”).
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The Sustainability Imperative
Sustainability concerns have rocketed up the shipping agenda over the past decade, with environmental, social and corporate governance (ESG) issues already influencing financing decisions, fleet renewal and regulatory change across the industry.
Drawing on a series of in-depth interviews and a global survey of 545 senior industry leaders, our report “The Sustainability Imperative” examines the shipping world’s views on sustainability and governance and what actions it is taking as result. It also asks how these issues might affect the way the shipping sector finances itself and even the very structure of the industry.
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The amendments aimed at incorporating sustainability linked provisions into the facility, highlighting the conscious effort of all parties involved to support and recognise the importance of ESG in maritime facilities.
In Commercial Disputes Weekly we look at the first decision on what is a “construction contract” since adjudication was introduced in 1998, in which Watson Farley & Williams acted for the successful appellant before the Court of Appeal.