Publication
Transport, Trade and Logistics Update
A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred.
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Global | Publication | August 2024
Our regulation and investigations team has published the second article in their series on how companies will need to implement “reasonable procedures” to prevent fraud.
Read the full Inside Disputes blog, "Failure to prevent fraud: What to do now? Part 2: Policies and procedures."
In April 2024, the Republic of Türkiye has imposed sanctions on Israel, banning the export of 54 product groups (identified for potential military use) in response to Israel’s failure to comply with the binding decisions of the United Nations Security Council and the International Court of Justice. A month later, Türkiye announced that they extended the trade ban on Israel to an exportation and importation restriction covering all products.
While specific penalties for non-compliance have not been specified, it has been reported that in practice no products coming from Israel or destined for Israel are processed at Turkish customs. The penalties for and requirements arising from the non-compliance are expected to be announced shortly.
Publication
A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred.
Publication
There is much talk currently about South Africa standing at a political cross-roads, in relation to its ability to make the newly formed Government of National Unity work (and to unlock the legion economic and social benefits that would flow from making it work).
Publication
The Lloyd’s Open Form has been the maritime industry’s preferred form of agreement for salvage for over a hundred years. In response to industry concerns and the declining number of LOF contracts being concluded each year, an update to the Form was published in June this year.
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