Archive for the ‘Legal’ Category

HFW Insurance Bulletin 12 July 2018

HFW Insurance Bulletin 12 July 2018
Costas FrangeskidesPartnerHolman Fenwick Willan LLP The HFW Insurance Bulletin weekending 12 July 2018 In this week’s Bulletin: 1. REGULATION AND LEGISLATION UK: EIOPA launches InsurTech insight survey UK: InsurTech – four legal and regulatory challenges that all new products face UK:...
July 12th, 2018 | Insurance and Reinsurance, Legal, Marine Insurance, News | Read More

HFW Briefing – It’s a risky business, offshore drilling, but who bears the risk under a rig contract when force majeure strikes?

HFW Briefing – It’s a risky business, offshore drilling, but who bears the risk under a rig contract when force majeure strikes?
Judgment in Seadrill Ghana Operations Ltd -v- Tullow Ghana Ltd was handed down by Mr Justice Teare in the Commercial Court on 2 July in a case in which HFW (Simon Blows and Vanessa Tattersall) acted. The case deals with important questions relating to competing causes in the context of force majeure...
July 6th, 2018 | Energy, Legal | Read More

Reed Smith has advised Deutsche Bank on the sale of a $1billion portfolio of shipping loans

Reed Smith has advised Deutsche Bank on the sale of a $1billion portfolio of shipping loans
Richard Hakes LONDON, 5 July, 2018 – Reed Smith has advised client Deutsche Bank on the strategic disposal of a portfolio of $1billion of shipping loans spread across a diversified pool of maritime sectors and sponsors. The multi-disciplinary, cross-border team was led by London-based asset finance...
July 5th, 2018 | Banking, Finance, Legal, Shipfinance | Read More

HFW Briefing – Bunker contamination in the US Gulf

HFW Briefing – Bunker contamination in the US Gulf
Paul Dean Following recent reports of marine fuel contamination on an unprecedented scale in the US Gulf Region, we briefly consider some of the issues arising for those affected parties, including shipowners, time charterers and bunker suppliers Background Reports suggest that possibly up to one hundred...
July 4th, 2018 | Bunkering, Legal | Read More

Piecemeal regulation hinders the adoption of green technologies

Piecemeal regulation hinders the adoption of green technologies
Seascape – LPG Tanker ship at sunrise. Written by Conte Cicala of Clyde & Co and Mike Jacob of Pacific Merchant Shipping Association Technology in Shipping Series 67% of respondents believe “differences in regional and international regulation will impede adoption” of green technologies....
June 27th, 2018 | Associations, IMarEST, Legal | Read More

ITIC helps ship manager successfully refute owner’s allegation of negligence

ITIC helps ship manager successfully refute owner’s allegation of negligence
International Transport Intermediaries Club (ITIC) has successfully defended a ship manager against allegations of negligence made by a shipowner following the loss of a lifeboat overboard. The lifeboat was subsequently found drifting off the port of Naze, Japan, after the master of the vessel had reported...
June 26th, 2018 | Insurance and Reinsurance, Legal, Marine Insurance, P and I Clubs, Shipmanagement | Read More

HFW Insurance Bulletin 22 June 2018

HFW Insurance Bulletin 22 June 2018
Costas Frangeskides, partner HFW INSURANCE BULLETIN, JUNE 2018 EDITION 3 In this issue: Regulation and legislation; Market developments; HFW Publications and events 1. Regulation and legislation UK: FCA regulation of claims management companies: FCA consults on proposed rules Following a review of claims...
June 22nd, 2018 | Insight, Insurance and Reinsurance, IUA, Legal, Marine Insurance | Read More

Ince & Co’s landmark US$960 million transaction for longstanding client Golar LNG Limited.

Ince & Co’s landmark US$960 million transaction for longstanding client Golar LNG Limited.
Beatrice Russ, partner, Ince & Co Ince & Co’s London finance team advises Golar LNG on landmark US$960 million post-acceptance lease financing and delivery of FLNG Hilli Episeyo with CSSC Shipping International law firm Ince & Co LLP has advised long-standing client Golar LNG Limited on...
June 22nd, 2018 | Legal, LNG, Markets, Shipfinance | Read More

HFW boosts Greek ship finance with partner appointment and senior associate hire as office celebrates 25th Anniversary

HFW boosts Greek ship finance with partner appointment  and senior associate hire as office celebrates 25th Anniversary
Sector-focused law firm HFW has boosted its leading Greek ship finance practice with the promotion of Piraeus consultant Kalliopi Karaiskaki to partner and the hire of senior associate Dimitra Gelti. Kalliopi has also been appointed as head of the firm’s ship finance practice in Piraeus. The moves...
June 15th, 2018 | Company Profiles, Legal, News, Person Profiles | Read More

HFW Briefing: A “Truly Fundamental” Issue Of Contract Law

HFW Briefing: A “Truly Fundamental” Issue Of Contract Law
Kathryn Martin, senior associate at HFW Geneva HFW Briefing: A “Truly Fundamental” Issue Of Contract Law: Does A “No Oral Modifications” Clause Work? All but the shortest of professionally written contracts will contain a “no oral modifications” (NOM) clause: usually...
June 8th, 2018 | Legal | Read More

Stephenson Harwood secures landmark supreme court judgement

Stephenson Harwood secures landmark supreme court judgement
Simon Moore Law firm Stephenson Harwood LLP has advised the insurers of vessel B Atlantic – who were led by Navigators, Travellers and Aegis – on a dispute with Atlasnavios – Navegacao Lda. The dispute related to whether the insurers were able to decline cover under a war risks policy in respect...
May 22nd, 2018 | Legal, Marine Insurance | Read More

HFW Insurance Bulletin 18 May 2018

HFW Insurance Bulletin  18 May 2018
Costas Frangeskides, Partner, Holman Fenwick Willan LLP In this week’s Bulletin:
May 18th, 2018 | Insurance and Reinsurance, Legal | Read More

On the wave 2018: Iran – Sanctions – Back to the future?

On the wave 2018:  Iran – Sanctions – Back to the future?
.. Iran – Sanctions – Back to the future? On 8 May 2018, President Trump announced his decision to withdraw the United States from the Join Comprehensive Plan of Action (JCPOA) and to impose once again on Iran several sanctions which were lifted in January 2016 under the JCPOA. This is a significant...
May 15th, 2018 | Legal, Sanctions | Read More

New French regulations to greatly benefit seafarers

New French regulations to greatly benefit seafarers
Mathieu Croix, Partner, Le HavreShipping, Insurance, Yachts and Superyachts New French regulations to greatly benefit seafarers during refits Compositeworks (CW), a leading refit shipyard based in la Ciotat and La Rochelle in France, is very pleased to announce that the French regulations regarding...
May 14th, 2018 | Legal, Ship Conversions, Yachting | Read More

Eleventh Circuit affirms District Court decision in OW Bunker Case, awarding physical supplier the fair value of the delivered fuel

Eleventh Circuit affirms District Court decision in OW Bunker Case, awarding physical supplier the fair value of the delivered fuel
In an order issued yesterday (May 10, 2018), the United States Court of Appeals for the Eleventh Circuit affirmed a decision from the Northern District of Florida in Martin Energy Services, LLC v. M/V Bravante IX et al., No. 17-10899, awarding Martin Energy Services, LLC (“Martin”), a physical supplier...
May 11th, 2018 | Bunkering, Disputes, Legal | Read More

Technology will have a huge impact on lawyers’ skills and legal practice

Technology will have a huge impact on lawyers’ skills and legal practice
The legal profession faces tremendous challenges over the next decade in recruiting people who can exercise their skills in a context of evolving technology and its expanded deployment while meeting changing client requirements. The commercial climate will be characterised by new (and sometimes conflicting)...
May 9th, 2018 | Events, Conferences,Forums and Symposiums, Legal, London Shipping Law Centre, Technology | Read More

Clyde & Co Legal Update: All risks – no cover for non-existent cargo

Clyde & Co Legal Update: All risks – no cover for non-existent cargo
Last month a decision was handed down in the matter of Englehart CTP (US) LLC v Lloyd’s Syndicate 1221 in relation to marine cargo insurance and the scope of all risks insurance. In brief summary, the decision confirms that: The words “this insurance covers all risks of loss of or damage...
May 9th, 2018 | Claims, Legal, Marine Insurance | Read More

US-Iran Sanctions: Future of the JCPOA?

US-Iran Sanctions: Future of the JCPOA?
  Insight / US-Iran Sanctions The JCPOA: It’s Still Uncertain What Will Happen, but Here’s What Could Happen by Douglas Maag*, Legal Councellor, Clyde & C0 On January 12 of this year, President Trump announced his intention to not renew US sanctions waivers that underpin US participation...
May 4th, 2018 | Legal, Sanctions | Read More

Thomas Cooper hires Shipping & Insurance Specialist Rhys Clift

Thomas Cooper hires Shipping & Insurance Specialist Rhys Clift
International law firm, Thomas Cooper, is pleased to annouce the appointment of Rhys Clift,  as a partner in its Shipping & Insurance group, based in London. Rhys has over 30 years’ experience in commercial litigation and arbitration; specialising in marine and non-marine (re)insurance; maritime...
May 3rd, 2018 | Company Profiles, Legal, Person Profiles | Read More

The IMO’s global sulfure cap 2020

The IMO’s global sulfure cap 2020
From 1st January 2020, the maximum sulfur content in marine fuel, must necessarily go from 3.5% to 0.5%. The decision was taken in October 2016 by the Commission for the Protection of the Marine Environment (MEPC) of the International Maritime Organization (IMO), revising the terms of Annex VI of the...
May 3rd, 2018 | Emissions, Environment, Legal | Read More

ITIC helps limit naval architect’s exposure after survey vessel capsizes

ITIC helps limit naval architect’s exposure after survey vessel capsizes
In a recent dispute, International Transport Intermediaries Club (ITIC) helped a naval architect to successfully reduce the level of a claim by a shipbuilder for damages and loss of profits following the sinking of a hydrographic survey vessel which was deemed to be unstable. The naval architect was...
May 2nd, 2018 | Claims, Legal, Maritime Accidents, P and I Clubs, Regulatory, Shipbuilding and Shipyards | Read More

Clyde & Co Legal Update: Court denies security for costs to protect claimants

Clyde & Co Legal Update: Court denies security for costs to protect claimants
On occasion, parties engaged in court proceedings will consider procedural tactics with the ultimate intention of exerting such pressure on their adversaries that their weakened position, or even inability to pursue the proceedings, will work to their advantage. Such a situation arose in (1) Deleclass...
April 30th, 2018 | Legal, Marine Insurance | Read More

HFW Insurance and Reinsurance Brexit Considerations

HFW Insurance and Reinsurance Brexit Considerations
Richard Spiller, Partner Following the second phase of negotiations on the withdrawal agreement in March 2018, while progress has been made in clarifying the position in some respects, (re)insurance businesses are still waiting for answers to important questions on the future relationship between the...
April 30th, 2018 | Insurance and Reinsurance, Legal, Marine Insurance | Read More

Package or Unit Limitation under the Hague-Visby Rules

Package or Unit Limitation under the Hague-Visby Rules
In the “Maersk Tangier” [2018] EWCA Civ 778, the Court of Appeal has issued a leading judgment (upholding the decision of the Commercial Court) determining for the first time under English law what constitutes a ‘unit’ for the purposes of limitation under Article IV Rule 5 of...
April 17th, 2018 | Legal | Read More

The “ACONCAGUA BAY” – Court clarifies the meaning of an “always accessible” berth

The “ACONCAGUA BAY” – Court clarifies the meaning of an “always accessible” berth
A warranty containing wording that a berth should be “always accessible” to a ship can be found in many dry cargo charterparties, including GENCON, HEAVYLIFTVOY, North American Grain Charterparty and Americanized Welsh Coal Charterparty. Whilst it is well-established that such a warranty...
April 4th, 2018 | Chartering, Legal, Markets | Read More