Law-Decree no. 23/2020 (the so called “Restore Liquidity” Decree), which entered into force and was published in the Italian Official Gazette on 9 April 2020, sets forth urgent measures concerning access to credit and fiscal duties for companies; special powers for the government in strategic sectors; and measures concerning health, employment and an extension of …
There has been much debate about the COLREGS over the last 12 months or so, with many suggesting that it is now time for not just some amendments but a total revision of the Rules. So are the COLREGS still fit for purpose? The future: autonomous ships Many believe that in the not so distant …
Global, sector-focused law firm assisted Abu Dhabi Ports on its purchase of bulk carrier Mv NIKI. HFW also provided completion services to all parties on the transaction, which was closed remotely via video conference due to Covid-19. Participants logged in from 11 different locations in Greece and Abu Dhabi, and all documents were signed electronically, …
HFW Assists Abu Dhabi Ports On Ship Purchase With Remote Closing By Video Conference Read More »
It will be difficult to ascertain a full picture of how well the international shipping industry is complying with the new sulphur 2020 environmental legislation and judge the effectiveness of enforcement measures until sometime after the Covid-19 pandemic has receded, says maritime law specialist Hill Dickinson. Introduced on January 1st this year, the implementation of …
Pandemic masks true picture of sulphur 2020 compliance Read More »
In March 2020, the US State and Treasury Departments announced sanctions against various Chinese companies for trading in Iranian petrochemicals. Among the targets were ship management company Aoxing Ship Management Shanghai Ltd and shipowner Sea Charming Shipping Company Limited. News reports claim that both companies are owned by Chinese chemical tanker company Junzheng Shipping, which …
Sanctions In The Time Of Covid-19: Ongoing Risks For The Shipping Community Read More »
Humanity is now facing a new global epidemic outbreak named COVID-19 likes of which were not seen in the last century. The COVID-19 outbreak, which has been upgraded by the National Health Organization from the Epidemic Disease level, (having more limited impact) to the Pandemic Disease level (high level of risk of expansion all over …
Turkey: Effects Of COVID-19 Outbreak On Maritime Law Read More »
DIRECTORS’ PERSONAL LIABILITY FOR WRONGFUL TRADING – RELIEF DURING THE CORONAVIRUS CRISIS As the UK’s economy continues to experience shocks, and companies of all sizes face increasingly intense financial pressure as a result of the coronavirus pandemic, the Department for Business, Energy and Industrial Strategy has announced plans to suspend provisions relating to wrongful trading …
Suspension Of Wrongful Trading In Light Of Covid-19 Read More »
Shipping has also been greatly affected. Bulk carrier rates are depressed, though they may be helped by increased demand from China as it exits its lockdown. The outlook is uncertain for container ships, and it is dire for cruise shipping. Ship scrapping activity is low as scrapyards have closed following the lockdowns in India and …
The case also illustrates the high costs of pollution cases in the United States and the commensurate lengthy litigation that can ensue. Our US lawyer and pollution expert, Frank Gonynor, discusses the specifics of the ‘Athos I’ decision and, since most charter parties incorporate English law, we asked Adrian Moylan, an English Solicitor, to comment …
Watson Farley & Williams (“WFW”) advised Crédit Agricole Italia S.p.A. on a loan facility to Fratelli Neri S.p.A., to finance the construction of the “ROMITO” tugboat built at Damen Shipyards in the Netherlands. The financing has been fully disbursed to cover the payments agreed with the Dutch yard. Crédit Agricole Italia S.p.A., a subsidiary of …
WFW advises Crédit Agricole on Rimorchiatori Fratelli Neri financing Read More »
