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International Insolvency: the English Court considers its jurisdiction in cross-border insolvency

Case citation: GUNEL BAKHSHIYEVA v SBERBANK OF RUSSIA AND ORS Due to financial difficulties, the OJSC International Bank of Azerbaijan (“IBA”) had proposed a USD 3.3bn restructuring program in Azerbaijan for its debts. The vast majority of creditors approved the proposal. Sberbank of Russia and Franklin Templeton, did not approve the proposal. [...]

February 21st, 2018|0 Comments

BDM named Shipping Law Firm of the Year – England

We are very pleased to win Shipping Law Firm of the Year - England in the recent Corporate Livewire Awards.   Apparently over 100,000 corporate professionals were canvassed so thanks to all who voted for us. BDM is a specialist shipping law firm offering high quality legal advice and [...]

February 19th, 2018|0 Comments

A short update on the mandatory CO2 reporting which came into force on 1 January 2018

We would like to remind our readers that as of 1 January 2018, ships over 5,000 gross tonnage became subject to the mandatory monitoring and reporting requirements of CO2 emissions. This is in accordance with the EU’s monitoring, reporting and verification Regulation (Regulation (EU) No. 2015/757 - http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:32015R0757) (“MRV Regulation”), which [...]

February 16th, 2018|0 Comments

The Court offers some clarification on barratry and its effect on Owners’ defences under the Hague-Visby Rules

Glencore were the owners of the cargo onboard The “LADY M”.  This cargo was damaged in a fire started intentionally by the Chief Engineer.  Glencore incurred large losses and claimed damages against the Owner under the bill of lading and in bailment. The Owners had a counterclaim for General Average [...]

February 2nd, 2018|0 Comments

Why pay legal costs?

Many of our clients regard legal costs as a necessary evil. In some cases, for example where our clients are being sued or facing legal difficulties, and they have no insurance cover in place for legal costs, they may have no option but to retain lawyers to protect their interests. [...]

January 31st, 2018|0 Comments

The Yangtze Xing Hua: Court of Appeal upholds LMAA decision that the term “act” in the phrase “act or neglect” in clause 8(d) of the ICA does not require fault, breach or neglect.

  This was a further appeal to the Court of Appeal concerning the decision of an LMAA tribunal that the term “act” in the phrase “act or neglect” in clause 8(d) of the ICA does not require fault, breach or neglect. The Court of Appeal agreed with both the Tribunal and the High Court [...]

January 19th, 2018|0 Comments

BDM expands again

We are pleased to welcome Tony Halliwell to our team. He joins us as a trainee solicitor and has over twenty years of commercial experience in the shipping industry. Tony began his shipping career as a trainee dry cargo broker in Hamburg in 1995 after completing his postgraduate studies in shipping [...]

January 17th, 2018|0 Comments

BDM wins Maritime Arbitration firm of the year

Lawyer Monthly recently informed us that we have been awarded “Maritime Arbitration Law Firm of the Year” for 2017. This follows input from their 180,000 readers based on a 10% response rate. In other words, about 18,000 people voted and we came out on top! Last year was an extremely [...]

January 16th, 2018|0 Comments