Interpol issues red notices for Rhosus ship captain and owner over Beirut blast: report

Lebanese state news agency NNA has claimed that that Interpol has issued a “red notice” for Captain Boris Prokoshev, the now-retired master of the Rhosus, and for Russian national Igor Grechushkin, the ship’s former owner. A red notice is issued at the request of a national government and calls on...

https://insurancemarinenews.com/insurance-marine-news/interpol-issues-red-notices-for-rhosus-ship-captain-and-owner-over-beirut-blast-report/

UK Crown Prosecution Service issues statement on Nave Andromeda Case

UK Crown Prosecution Service issues statement on Nave Andromeda Case

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London. UK. The case of the alleged ‘hijacking’ and threatening of the ship’s crew by seven Nigerian stowaways in UK Territorial Waters (TTWs) on 25 October 2020 has been dropped by the UK Crown Prosecution Service (CPS). The incident resulted in significant international media controversy after the UK Special Boat Service (SBS) conducted a night-time boarding to regain control of the Liberian flagged crude oil tanker Nave...

https://allaboutshipping.co.uk/2021/01/13/uk-crown-prosecution-service-issues-statement-on-nave-andromeda-case/

AMSA bans Barkly Pearl from Australian waters for two years

The Australian Maritime Safety Authority (AMSA) has banned livestock carrier Barkly Pearl (IMO 9042295) from Australian waters for two years. The penalty is AMSA’s most severe banning to date, impacting  the master and operator of the vessel. The Barkly Pearl was initially spotted on November 3rd...

https://insurancemarinenews.com/insurance-marine-news/amsa-bans-barkly-pearl-from-australian-waters-for-two-years/

WFW advises UOG on UACC acquisition and financing

WFW advises UOG on UACC acquisition and financing

George Paleokrassas

11 January 2021

Watson Farley & Williams (“WFW”) has advised United Overseas Group Ltd (“UOG”) on the acquisition of United Arab Chemical Carriers Limited (“UACC”).

The acquisition was structured by way of a reverse triangular merger with the financing for the acquisition provided by alternative investment firm, EnTrust Global. The transaction will be the first such merger to be effected under the Companies Law of the Dubai...

https://allaboutshipping.co.uk/2021/01/11/wfw-advises-uog-on-uacc-acquisition-and-financing/

Reed Smith’s Biden, Brexit and beyond: a transatlantic view of key regulatory and enforcement trends for 2021

Reed Smith’s Biden, Brexit and beyond: a transatlantic view of key regulatory and enforcement trends for 2021

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Major changes are on the horizon as 2021 ushers in a new era for both sides of the pond. With the UK experiencing its formal exit from the European Union and the U.S. inaugurating a new administration, we pause to take stock and consider what important global changes lie ahead for our clients. Should we expect increased convergence or divergence in regulatory and enforcement priorities?...

https://allaboutshipping.co.uk/2021/01/08/reed-smiths-biden-brexit-and-beyond-a-transatlantic-view-of-key-regulatory-and-enforcement-trends-for-2021/

South Africa loses state immunity claim over cargo of silver bars

Quadrant Chambers has reported that Liisa Lahti was part of the legal team that successfully resisted South Africa’s claims of state immunity in respect of a cargo of silver bars (current value: £32m) in the case of Argentum Exploration Limited v The Silver [2020] EWHC 2323 (Admlty). Sir Nigel...

https://insurancemarinenews.com/insurance-marine-news/south-africa-loses-state-immunity-claim-over-cargo-of-silver-bars/

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