The following In-house Advisor practice note provides comprehensive and up to date legal information covering:
The following jurisdictions are covered in this report:
Cyprus; Germany; Italy; Japan; Liberia; Malta; Marshall Islands; Nigeria; Panama; Singapore; Sweden; United Arab Emirates; United Kingdom; USA
The set of questions relating to the topic of Ship Finance and answered by the guide for each jurisdiction covered include:
How does one demonstrate title to or legal ownership of a vessel registered under the laws of your jurisdiction?
How can one determine whether there are any liens recorded over a vessel?
How does one determine whether there are any security agreements, liens, charges or other encumbrances granted by a vessel owner or affiliated party who might be a borrower, guarantor or other credit party in connection with a vessel finance transaction?
Can one determine whether an obligor registered in your jurisdiction is duly organised and in good standing from a search of a public registry?
Can the shareholders or other equity interest holders, directors and officers or other authorised signatories of an obligor organised in your jurisdiction be determined from a search of a public registry? If not, how are these parties customarily identified?
What corporate or other entity action is necessary for an obligor to enter into or guarantee a debt obligation? When is action by the board of directors or other governing body required? Must shareholders approve a guarantee?
Must foreign lenders qualify to do
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Criminal offences are generally divided into two categories: •conduct crimes, and •result crimesA conduct crime is a crime where only the forbidden conduct needs to be proved. For example, an accused is guilty of dangerous driving if they drove a motor vehicle dangerously on a road or other public
This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
Coronavirus (COVID-19): The guidance detailing normal practice set out in this Practice Note may be affected by measures concerning process and procedure in the civil courts that have been introduced as a result of the coronavirus (COVID-19) pandemic. For guidance, see Practice Note: Coronavirus
An ad hoc arbitration is any arbitration in which the parties have not selected an institution to administer the arbitration. This offers parties flexibility as to the conduct of the arbitration, but less external support for the process. It can be quicker than institutional arbitration but not if
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