Clyde & Co

Global Russia Sanctions Update

Global Russia Sanctions Update

A number of states and international actors have unveiled further sanctions measures on Russia in relation to its activities in or in relation to Ukraine.

In our posts this week, we outlined the first tranche of measures imposed by the US and UK and, most recently, the sanctions announced by the US, EU, UK, and Australia.

As the situation evolves, we will continue to post updates as further sanctions related developments occur. All our content on Russia sanctions in...

https://allaboutshipping.co.uk/2022/02/24/global-russia-sanctions-update/

Annual risk report reveals impact of pandemic on risk outlook and preparedness

Annual risk report reveals impact of pandemic on risk outlook and preparedness 

London, 15 December 2021: People and regulatory risks have soared to the top of board, C-suite and General Counsels’ (GC) agendas against the backdrop of continued pandemic-related challenges and an ever-more complex risk landscape, according to global law firm Clyde & Co and membership network Winmark’s latest Looking Glass Report.

People-related risks, such as those that arise from difficulties retaining and...

https://allaboutshipping.co.uk/2021/12/15/annual-risk-report-reveals-impact-of-pandemic-on-risk-outlook-and-preparedness/

Clyde & Co secures win for clients in high-profile Supreme Court judgment

Clyde & Co secures win for clients in high-profile Supreme Court judgment  

London, 10 November 2021: Global law firm Clyde & Co has successfully represented cargo interests in a Supreme Court dispute over claims for General Average with the Shipowners of the “CMA CGM LIBRA” in relation to a ship grounding.

The Supreme Court has upheld the decisions of both the High Court and the Court of Appeal and confirmed that a defective passage plan will render a vessel unseaworthy. All nine judges involved...

https://allaboutshipping.co.uk/2021/11/10/clyde-co-secures-win-for-clients-in-high-profile-supreme-court-judgment/

Ever Given With Cargo Doesn’t Seem To Be Moving Any Time Soon

The big, beautiful Ever Given is still stuck in the Suez Canal, trapped now by the legal wrangling of insurance companies, shipping conglomerates, and a whole country. And with the ship stuck, so too is the cargo and some of the crew says a news article from jalopnik.

The Ever Given doesn’t seem to be moving any time soon

The Ever Given spent six days blocking the Suez Canal after the mega cargo ship became stuck in the sand along the canal during an intense sandstorm. Once it was refloated, it...

https://mfame.guru/ever-given-with-cargo-doesnt-seem-to-be-moving-any-time-soon/

Policing the EU-UK Trade and Cooperation Agreement and the UK’s Territorial Waters

Policing the EU-UK Trade and Cooperation Agreement and the UK’s Territorial Waters

Policing the EU-UK Trade and Cooperation Agreement and the UK’s Territorial WatersDear AnnyThe EU-UK Trade and Cooperation Agreement (“TCA”) overcame its final political obstacle in the last few weeks, when the European Parliament approved it by a large majority. However, the practical hurdles to be overcome in order to implement it are only now becoming clear.

 Read the full article 

Authors
  Rober...

https://allaboutshipping.co.uk/2021/05/20/policing-the-eu-uk-trade-and-cooperation-agreement-and-the-uks-territorial-waters/

Part 4: A very modern form of piracy: Cybercrime against the shipping industry – Readiness, Response, Recovery

Part 4: A very modern form of piracy: Cybercrime against the shipping industry – Readiness, Response, Recovery

This is the concluding article in a four-part series that has considered some of the key issues concerning the very serious threat that cybercrime poses to the shipping industry. The preceding three articles have considered the rapidly developing risks facing the industry as well as focussing on ransomware incidents and data protection issues.

This final article draws upon Clyde & Co’s...

https://allaboutshipping.co.uk/2021/05/05/part-4-a-very-modern-form-of-piracy-cybercrime-against-the-shipping-industry-readiness-response-recovery/

Part 3: A very modern form of piracy: Cybercrime against the shipping industry – Data Protection

Part 3: A very modern form of piracy: Cybercrime against the shipping industry – Data Protection

 Clyde & Co  Insight – 20 April 2021

The maritime industry, which uses vast quantities of electronically stored and transmitted data, is particularly vulnerable to ransomware threats. Increasingly sophisticated strains, like Conti or REvil, can spread across the entire network of a shipping company, infecting computers globally and encrypting data. Not only are systems encrypted, but the...

https://allaboutshipping.co.uk/2021/04/20/part-3-a-very-modern-form-of-piracy-cybercrime-against-the-shipping-industry-data-protection/

Clyde & Co and StormHarbour act as advisors for SHUAA-led consortium to successfully buy out AED 1.13 billion debt of Stanford Marine Group

Clyde & Co and StormHarbour act as advisors for SHUAA-led consortium to successfully buy out AED 1.13 billion debt of Stanford Marine Group 

Ian Chung
  • Clyde & Co acted as sole legal advisor to SHUAA Capital and Stanford Marine Group (SMG) 
  • StormHarbour Securities LLP acted as sole Restructuring Financial Advisors & Placement Agent to SHUAA Capital and SMG 
  • The transaction places SMG, one of the largest Middle East Offshore Owners/Operators on solid footing for future growth and saves more than...

https://allaboutshipping.co.uk/2021/01/28/clyde-co-and-stormharbour-act-as-advisors-for-shuaa-led-consortium-to-successfully-buy-out-aed-1-13-billion-debt-of-stanford-marine-group/

BIMCO SHIPLEASE – BIMCO Completes its Trio of Ship Financing Term Sheets

BIMCO SHIPLEASE – BIMCO Completes its Trio of Ship Financing Term Sheets

In June this year, BIMCO announced the development of a new term sheet for ship sale and leaseback transactions. Following consultation with various stakeholders in the leasing industry, “SHIPLEASE” was published in September 2020.

The development of SHIPLEASE follows the publication by BIMCO in 2017 and 2018 of term sheets for bilateral and syndicated term loan facilities, “SHIPTERM” and “SHIPTERM S”.

 BIMCO have responded...

https://www.allaboutshipping.co.uk/2020/10/22/bimco-shiplease-bimco-completes-its-trio-of-ship-financing-term-sheets/

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