The U.S. Government has been working hard to close a weakness in its global sanctions web by focusing on illicit shipping practices and sanctions evasion. As the bad actors misusing the shipping industry have been increasingly identified and sanctioned…
A New Wave of Compliance is on the Horizon for the Shipping Industry Read More »
We look at the disruption caused by the COVID-19 pandemic across commodity markets globally and how this is impacting financing arrangements including ‘MAC’ clauses, financial covenants, ‘corona clauses’, events of default and force majeure as well as …
COVID-19 and commodity trade finance: The way forward Read More »
The unexpected outbreak of COVID-19 and its unforeseen consequences all over the world have not left the commercial sector in Cyprus unaffected. Emergency measures such as travel restrictions, citizens placed on quarantine and self-isolation are only s…
COVID-19: A Force Majeure event? Read More »
The “prevention principle” has been a popular argument run by shipyards in English law shipbuilding disputes in recent years. This enthusiasm has not been shared by English Courts and tribunals, and prevention principle arguments rarely, if ever, succe…
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 pand…
Pandemic masks true picture of sulphur 2020 compliance Read More »