America’s sanctions on Venezuela are nothing new. For more than a decade now, the US has imposed sanctions in response to activities of the Venezuelan government and Venezuelan individuals. But the situation has escalated this month with the Trump Admi…
Falling foul of Venezuelan sanctions Read More »
This article, written by Ian Teare and Matthew Dow of Law Firm, Wikborg Rein, discusses the judgment handed down in the Admiralty Court on the case of the Stema Barge II, and looks in detail at the scope and meaning on the Limitation Convention 1976. I…
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 »