The enforcement of foreign court judgments in the UAE has always been notoriously difficult and uncertain. The recent directive issued by the UAE Ministry of Justice requiring the Dubai Courts to enforce English judgments is likely to increase collaboration between the English and UAE Courts.
As one of the world’s leading container practices, we engage with all aspects of single and multi-modal logistics.
Our specialist logistics and container lawyers advise on all business issues that arise from land, sea and air transportation, plus the sale, purchase and delivery of goods. We routinely advise across financing and leasing, corporate (including structuring and M&A), commercial contracts, taxation and management in this niche industry.
Shippers, freight forwarders and owners and operators of shipping assets seek our advice on the sale and purchase of containers, freight forwarding agreements, container interchange agreements, standard terms of service, billing and collection agreements, bills of lading, sales agency agreements, insurance, reinsurance, environmental and regulatory issues.
In addition, we regularly act for banks and financial institutions, leasing companies and ship owners on the financing solutions for containers ranging from secured loans and operating and finance leases, to structured finance products.
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The interest rate under the term loan facility is linked to an annual ESG score.
The vessels, which will be on seven-year long term charters to Israeli line operator Zim following delivery scheduled in early 2024, represent MPCC’s first ever newbuild order.