Legal & Regulations

  • Credit Suisse Fined $475M for Fraudulent Fishery...

    In 2013-2014, three newly established Mozambican companies took out a $2.2 billion loan. They all had links to people in the inner circle of former Mozambican President Armando Guebuza, and the Mozambican government was secretly listed as a guarantor - without the parliament’s approval.

     

  • MSC Cruises Found Liable for Lost Revenues and...

    U.K. Admiralty Court has found MSC Cruises liable for both physical damages as well as some “non-physical damages,” that resulted from the 2019 allision as the MSC Opera approached the dock in Venice, Italy hitting the river cruise ship River Countess while the vessel was tied to the dock and in the process of disembarking passengers. The court judgment announced last week after a two-day hearing in July could total approximately $8.7 million after costs and interest.

     

  • Protests Over COVID Regulations for Workers...

    Protests in Italy over the country’s new COVID-19 rules for workers spread on Friday to several of the country’s largest ports. While reports vary on the level of disruption, workers at three of the country’s major ports were reported either on strike or staging protests calling for the government to either pay for mandatory testing or drop the so called “Green Pass” restrictions.

     

  • WFW on sustainability-focussed US$25m dry bulk...

    Watson Farley & Williams (“WFW”) has advised a leading financial services company regarding a US$25m financing to companies controlled by Union Maritime Limited secured on three dry bulk carriers with a focus on sustainability and, more specifically, the IMO’s aim to reduce international shipping’s carbon footprint through the recent adoption a new operational carbon intensity indicator.

     

  • Florida Seeks to Void Order Permitting Cruises to...

    Florida’s battle with the cruise industry over limiting cruises to only passengers vaccinated against the COVID-19 virus is heating up again. Governor Ron DeSantis’ administration is seeking to vacate a preliminary injunction granted to Norwegian Cruise Line Holdings (NCLH) in August that permitted it to require proof of vaccination from passengers.

     

  • Diana Wihelmsen Fined $2 Million for Concealing...

    A U.S. judge yesterday ordered Cyprus-based Diana Wilhelmsen Management to pay a $2 million fine and serve four years probation after pleading guilty to charges of concealing unlawful discharges of oily water into the Atlantic Ocean. The company will also be supervised under an environmental compliance plan.

     

  • WFW Advises Lenders On Secured Term Loan...

    Watson Farley & Williams (“WFW”) has advised certain lenders in connection with newly arranged secured term loan financings used to assist Navios Maritime Acquisition Corporation (“Navios Acquisition”) finance part of the redemption price of its outstanding 8.125% First Priority Ship Mortgage Notes.

     

Pages

Credit Suisse Fined $475M for Fraudulent Fishery Development Loan

In 2013-2014, three newly established Mozambican companies took out a $2.2 billion loan. They all had links to people in the inner circle of former Mozambican President Armando Guebuza, and the Mozambican government was secretly listed as a guarantor - without the parliament’s approval.

 
English

MSC Cruises Found Liable for Lost Revenues and Costs in 2019 Accident

U.K. Admiralty Court has found MSC Cruises liable for both physical damages as well as some “non-physical damages,” that resulted from the 2019 allision as the MSC Opera approached the dock in Venice, Italy hitting the river cruise ship River Countess while the vessel was tied to the dock and in the process of disembarking passengers. The court judgment announced last week after a two-day hearing in July could total approximately $8.7 million after costs and interest.

 
English

Protests Over COVID Regulations for Workers Spread to Italy’s Ports

Protests in Italy over the country’s new COVID-19 rules for workers spread on Friday to several of the country’s largest ports. While reports vary on the level of disruption, workers at three of the country’s major ports were reported either on strike or staging protests calling for the government to either pay for mandatory testing or drop the so called “Green Pass” restrictions.

 
English

WFW on sustainability-focussed US$25m dry bulk carrier financing

Watson Farley & Williams (“WFW”) has advised a leading financial services company regarding a US$25m financing to companies controlled by Union Maritime Limited secured on three dry bulk carriers with a focus on sustainability and, more specifically, the IMO’s aim to reduce international shipping’s carbon footprint through the recent adoption a new operational carbon intensity indicator.

 
English

Florida Seeks to Void Order Permitting Cruises to Require Vaccinations

Florida’s battle with the cruise industry over limiting cruises to only passengers vaccinated against the COVID-19 virus is heating up again. Governor Ron DeSantis’ administration is seeking to vacate a preliminary injunction granted to Norwegian Cruise Line Holdings (NCLH) in August that permitted it to require proof of vaccination from passengers.

 
English

Pages

Top