A recent decision in the English Commercial Court has potentially significant ramifications for the shipping and trading industry.
This decision will be of interest to...more
On 7 November 2014, OW Bunker A/S (“OW”), a global supplier and trader of marine fuel, filed for bankruptcy in Denmark. Further bankruptcies of OW subsidiaries and affiliates swiftly followed, including the bankruptcy of...more
On 10 December, The Court of Appeal upheld the judgment of Mr Justice Teare in Griffon Shipping LLC v Firodi Shipping Limited  1 Lloyd’s Rep 50, a matter involving a seller’s remedy in the event of non-payment of the...more
Pilfering on the docks of New York City was once so rife that, so one story goes, an Italian shoemaker shipped his goods in two separate consignments – left and right shoes – to prevent them from being stolen. Today,...more
With global forecasts for trade growth remaining well below the average of the past 20 years, the last article in our Business Across Borders series, written by the Economist Intelligence Unit, and launched today, examines...more
The third in our Business Across Borders report series, written by The Economist Intelligence Unit, and launched today, delves into the challenges faced by companies doing business across markets.
The report and video...more
One of the perils of doing cross-border business is the possibility of being pulled into business-related legal wrangles. A recent global survey of executive carried out by The Economist Intelligence Unit (EIU) on behalf of...more
An important decision for the ship sale and purchase market has confirmed that buyers entering into a standard form Memorandum of Agreement (MOA) (on Norwegian Sale Form (NSF) 1993 terms and similar, e.g., the 2012 terms) do...more