Shearn Delamore & Co | Malaysia | 22 Mar 2023
The respondent in a recent case chartered two vessels to the appellant, which in turn chartered them to a third party. The third party failed to pay the appellant, which in turn failed to pay the respondent. The three parties entered into an arrangement to split the amount due to the appellant between the appellant and the respondent, but the appellant later failed to confirm the arrangement....
Bowmans | South Africa | 8 Mar 2023
When dealing with bankrupt ship owners, there is a fine line between the law of insolvency and admiralty in South Africa. While maritime creditors enjoy wide-ranging rights to arrest and sell ships in the judication to satisfy their claims, as soon as an application is filed at court for the winding up of the ship owner, the property falls into the insolvent estate and under the control of......
Shearn Delamore & Co | Malaysia | 22 Feb 2023
This article outlines a case in which the High Court had to determine liability following alleged unpaid invoices. When hiring a dredger, the appellants acquired a charter period extension, but then failed to pay the invoices issued by the respondent.
Dardani Studio Legale | Italy | 14 Dec 2022
🕑 5 minutes The Italian International Ship Registry was established by Decree Law No. 457 and later confirmed by Act No. 30 of 27 February 1998, known as the International Registry Act. The European Commission requested that Italy implement various corrective measures, so Decree Law No. 144 amended the International Registry Act accordingly. This article sets out the main amendments.
Dardani Studio Legale | Italy | 23 Nov 2022
🕑 3 minutes The Italian Parliament recently introduced some important modifications to the Crisis and Insolvency Code contained in the Decree No. 14, dated 12 January 2019, by implementing the EU Restructuring and Insolvency Directive. Whether this reform of the entire insolvency-related legal system will effectively protect owners or charterers from the attempts of the counterparties to......
Fenech & Fenech Advocates | Malta | 16 Nov 2022
🕑 9 minutes A recent case concerned a charter of a cruise liner that was cancelled due to the covid-19 pandemic, resulting in losses to the charterer. The plaintiff requested that the court lift the corporate veil of the defendants and find them jointly and severally liable for the debt owed to it. However, the court found that it lacked jurisdiction to do so and that establishing......