CLIENT ALERT: RECENT SANCTIONS DEVELOPMENTS

December 12, 2019 The U.S. authorities have taken new actions this week in relation to the sanctions targeting global corruption and also Iran which measures have potential impacts to both U.S. and non-U.S. persons operating in the shipping industry. Each is summarized below. To read the full Client Alert, click HERE.

FREEHILL PARTNER PALLAS PRESENTS AT 2019 PACIFIC ADMIRALTY SEMINAR

On October 10, 2019 Bill Pallas participated in a session of the Pacific Admiralty seminar devoted to “Casualty Investigation and Response.” Bill’s presentation, “The Vessel Speaks”, examined casualty investigation response from the perspective of a vessel owner and operator.

CLIENT ALERT: OFAC ESTABLISHES A COSCO WIND-DOWN PERIOD

October 25, 2019 Introduction In an action that had a significant impact on the tanker sector, on September 25, 2019 the U.S. Office of Foreign Asset Control (“OFAC”) designated to the U.S. Specially Designated Nationals List (“SDN List”) COSCO Shipping Tanker (Dalian) Co. Ltd. and COSCO Shipping Tanker (Dalian) Seaman and Ship Management Co. Ltd....
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