On 23 March 2023, we published part two of ‘The Sustainability Imperative’. One of the key findings in the follow-up report is that shipowners have become more collaborative. In 2021, two-thirds said they would like to form partnerships to pursue innovation. Now, 56% are already in an ESG-linked tie-up.
We advised Kenergy Ventures BV on the formation and implementation of a joint venture agreement with Reden Development Spain S.L. to develop photovoltaic projects in Spain. This joint venture is the first step in a long-term alliance between Kenergy and Reden Solar to develop renewable energy projects in Spain.
The HyBRIDS project’s primary objective is introducing green hydrogen into the Italian gas network through the use of innovative technologies aimed at making hydrogen produced from renewable sources and with low emissions more easily usable by civil and industrial users.
Corporate and M&A Partners Daniel Saunders and Mark Tooke, in a feature article for Bunkerspot, discuss the increase in M&A, joint venture and direct investment activity in maritime technology from investors both within and outside of the maritime industry.
This ground-breaking transaction represents the first JOLCO involving a joint venture between ICBC Leasing and China Merchants Energy Shipping, with the vessels in question commissioned for a long-term contract of affreightment with Brazilian conglomerate Vale.
Ship-owning joint ventures are a common occurrence in today’s market. This article explores the “Steel Split”, a mechanism that is somewhat unique to maritime joint venture documents.
The English Technology and Construction Court has held that the operation of a pain/gain mechanism in an NEC3 Option C (target cost) form of contract was only to be applied once works had completed, and not on an interim basis.