Following his attendance at COP26, Philip Roche, co-head of Norton Rose Fulbright’s global shipping practice, said:
“Although shipping, like aviation, lay outside the formal conference agenda, the number of side events and the number of attendees from the IMO, EU, and key stakeholders showed that the shipping community was determined to demonstrate that meaningful steps are being taken to allow shipping to play its part in global decarbonisation,...
The Top Challenges in Anti-Money Laundering and Sanctions Compliance in 2021 and Beyond
We are pleased to announce that Norton Rose Fulbright have just released their 2021 Global Anti-Money Laundering (AML) and Sanctions Compliance Survey.
SvenStumbauer Global Anti-Money Laundering and Sanctions Compliance Consulting Leader and Senior Advisor, says:
“I am pleased to say that this year we had nearly 400 respondents from 77 jurisdictions participate in our survey. Our results highlight the ongoing...
Norton Rose Fulbright appoints global sector leadership
Global law firm Norton Rose Fulbright today announced that it has sharpened its sector approach and appointed new global sector leads.
Christine Ezcutari
Gerry Pecht, Norton Rose Fulbright’s Global Chief Executive, said:
“Twenty years ago, Norton Rose Fulbright differentiated itself by becoming the first global law firm to be organized along industry lines. That strategic foresight led us to become market leaders in our sectors. We went on to...
The deadly novel coronavirus outbreak (2019-CoV) has resulted in passenger and cargo ships being quarantined around the world, partial and complete travel bans to parts of China and shipping and airlines being unable or unwilling to deliver cargo to the contractual destination.
Malcolm Hartwell, head of Transport at Norton Rose Fulbright says that, “Non-delivery of cargo will affect traders, banks, shipping and airlines, freight forwarders and everybody else involved in the logistics chain. ...
Women in Ocean Industries: Leadership, Sustainable Development and Maritime Security
Special Speech by Brune Poirson, Minister of State attached to the Minister for the Ecological and Inclusive Transition of France, to Precede WOC Sustainable Ocean Summit (SOS) Plenary Session on Women’s Leadership in the Ocean Business Community
The Sustainable Ocean Summit (SOS) 2019 (Paris, 20-22 November) session on “Women in Ocean Industries: Leadership, Sustainable Development and Maritime Security” will...
A recent judgment of the English courts clarified how contractual terms in charterparties are to be interpreted in relation to background, context, wording and commercial common sense and held that the particular contractual obligation to maintain a vessel’s classification status and certificates was absolute in nature.
In Silverburn Shipping (IoM) Ltd v Ark Shipping Co LLC[1], the court dealt with an appeal against a partial final award of a London Maritime Arbitrators Association (LMAA)...
In an important judgment for cargo owners and their marine insurers, the UK Supreme Court has held that a carrier who seeks to rely on an inherent vice exception to liability contained in the Hague Rules when defending a cargo damage claim must prove either that it took reasonable care of the cargo but the damage occurred nonetheless; or else that whatever steps might have been taken to protect the cargo from damage would have failed in light of the cargo’s inherent propensities.
Global law firm Norton Rose Fulbright has advised Amsterdam Trade Bank N.V. on its first securitisation of shipping loans, via ATB Shipping Finance I B.V. (a Dutch private company with limited liability). The transaction was arranged by Citibank and securitises a diversified portfolio of shipping loans, with borrowers located in a number of jurisdictions and security over vessels of a range of types and flag jurisdictions. The portfolio has an outstanding amount of approximately...
Maritime UK is pleased to confirm the appointment of Harry Theochari as its Chair and Sarah Kenny as Vice Chair.
Theochari is global head of transport at law firm Norton Rose Fulbright, and Kenny is CEO at BMT Global.
Maritime UK is the sector’s umbrella body, bringing together the shipping, ports, services, engineering and leisure marine industries to drive growth by promoting the sector, influencing government and fostering collaboration. The sector supports just under 1 million jobs and...
Dangerous cargo has always been a hazard to it’s owner and it’s insurer, and in a recent decision out of a New York Court holding a chemical company and tank container operator strictly liable for the cost of repairs to a large container ship and the loss of most of its cargo highlights the significant increase in liabilities caused by the introduction of huge container ships.
This exposure affects everybody involved in the international transport of cargo that can cause harm to other cargo or...
