In the last of a seven-part series on the application of US sanctions to the shipping community, this article discusses the importance of sanctions compliance.
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Our corporate trust and agency group is a central part of our work in the financial markets sector; it draws together expertise from lawyers in capital markets, finance, restructuring and insolvency and dispute resolution. The team provides specialist advice covering the full life-cycle of a transaction, including origination, its ongoing administration and the exercise of trustee powers, distressed situations such as restructurings and enforcement, and disputes.
We, and our clients, act and work across the spectrum of trustee and agency work in the financial sector, including loans, corporate bonds, securitisations, asset backed securities and other structured finance transactions.
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WFW advises Wilmington Trust on landmark scheme of arrangement for US$6bn NAC debt restructuring programme
The scheme gives legal sanction to an agreement between NAC and its creditors that grants security over 236 aircraft, held by Wilmington Trust in its capacity as security trustee.
US persons, including corporations, who own or control more than 10% of a foreign entity must make a filing with the United States Bureau of Economic Analysis.