The Supreme Court in England recently reversed our understanding of the effectiveness of “no oral modification or variation” clauses (“NOM clauses”). Until the case of Rock Advertising Limited v MWB Business Exchange Centres Limited [2018] UKSC 24, it had always been assumed that NOM clauses were of limited effect, but that is no longer the case.
Welcome to the twelfth edition of Global asset management quarterly.
Our shipping lawyers help you to stay up-to-date with the key legal issues in a rapidly evolving international maritime industry
The Canadian Wrecked, Abandoned or Hazardous Vessels Act, S.C. 2019, c. 1 (the Act) will come into force on July 30, 2019.
Since March 29, 2019, the UK Registry of Shipping and Seamen (the UK Registry) has expanded eligibility for the UK flag in order to accept a wider category of shipowners and has also been granted power to suspend a ship’s UK registration while a ship is bareboat chartered out to another acceptable jurisdiction.
While trade tensions among various countries continue to cast dark clouds over the global economy, the Chinese government has been demonstrating to the world its firm resolution to accelerate the opening-up of its economy to foreign investment.