Cruise remains a growing segment in the maritime industry: newbuild orders are high and cruise companies enjoy good access to ECA finance and support. Our specialist team continues to handle some of the most important, high profile transactions in the industry.
In addition to finance, corporate, commercial, tax, employment, regulatory and dispute resolution expertise, our exceptional knowledge of the maritime world helps us add commercial value for our clients. We work across the board, from start-up companies entering the market, joint ventures exploring new opportunities, for large established cruise brands expanding their fleets as well as financiers and other key stakeholders.
Having advised on the majority of the cruise projects in the market, our team has recognised depth and strength and the ability to advise on bespoke commercial and operating agreements in this niche area.
Attention should be paid to the newly published guideline of the tax authorities on the German tonnage tax regime which provides further clarifications on related aspects (subject to final and pending court decisions).
The vessel is expected to be the best-performing cruise ship in the world.
The vessel was funded by a pre- and post-delivery financing facility backed by Italian ECA SACE.
