The insolvency of Hanjin Shipping (Hanjin), the world's seventh largest container line, is likely to have a significant impact throughout the maritime sector. In this briefing we provide an overview of some of the potential consequences of Hanjin's insolvency and which parties will be most affected by this development.
Supreme Court defines the ambit of the fraudulent claims rule
At the claims stage of an insurance contract there are three ways in which an assured can try to take advantage of his insurer. The law in relation to 3 [Lie in the presentation of an otherwise legitimate claim] was the issue before the Supreme Court in THE DC MERWESTONE.
Brexit, the EU, and foreign and digital currencies
With the outcome of the recent national referendum still reverberating both within and outside the UK, and with speculation rife as to the nature of the UK’s immediate and long-term political and commercial futures, it would be easy to overlook that equally dramatic events may also erupt in countries on the European mainland.
In accordance with the High Court’s decision in Committeri v Club Mediterranee SA, it is in the interest of any companies that provide package holidays to France to ensure that the contracts between them and the buyers of the holidays are governed by English law.
New SIAC rules 2016: key changes apply from 1 August 2016
This year, the Singapore International Arbitration Centre (SIAC) celebrated its 25th anniversary and the SIAC congress held in May 2016, which HFW attended as a gold sponsor, was a testament to SIAC’s achievements during its 25 years.
HFW has worked with research group ExplaintheMarket to identify the three most important trends in a global economy. The research highlights three economic trends where political will, investor confidence and opportunities for new partnerships all converge.
Indonesia: what’s new? The Indonesia 2016 Negative List
Further to the announcement of a series of Economic Stimulus Packages, the Indonesian Government has finally enacted the new foreign investment negative list (2016 Negative List), setting out business activities that are either entirely closed, open and conditionally open to foreign investment.
Amid continuing frustration at the activities of North Korea, including allegations of a link between North Korea and cyber attacks against banks in Bangladesh and elsewhere which resulted in the theft of more than $80 million, the EU and US have now imposed still further sanctions against North Korea.