As of 1 January 2020, shipowners and lessors may apply an exceptional tax depreciation when acquiring equipment using decarbonised energy for the main or auxiliary propulsion of a vessel.
Based on 30 years’ experience of handling marquee transactions, our expert advice helps companies succeed in this thriving segment of the maritime industry.
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.
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In Support of Maritime Arbitrations (Part 2): The courts’ powers to preserve evidence, property and assets and order attendance of witnesses
In the second article of this series, Partner Mike Phillips and Associate Sylvie Allen discuss the courts’ powers under the Arbitration Act 1996 to preserve evidence, property and assets and order the attendance of witnesses in LMAA arbitrations.
TUI Cruises announced the pricing of its offering of €223.5m aggregate principle amount of 6.500% senior notes due in 2026 on 21 October 2021.