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High(ly) interest(ing): arbitration, litigation and rising interest rates
Posted: 27/09/2022
Following the US Federal Reserve’s increase in interest rates by 0.75% on 20 September 2022, the prime rate at JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co has risen to its highest level since 2008. What has this to do with English law? Simple. If you contract in currencies other than sterling, the chances are that a court or tribunal......>>
Navigating international disputes: enforcing French judgments in England and Wales
Posted: 09/08/2022
Prior to the UK’s departure from the EU, the enforcement of French judgments in England and Wales was exclusively governed by the so-called ‘European Regime’ for claims instituted after January 2015. Despite the UK’s exit from the EU in January 2020, the European Regime remains relevant today for parties that seek to enforce judgments obtained in proceedings issued prior to the UK-EU transition period ending on 31 December 2020......>>
Navigating international disputes: enforcing Greek judgments in England and Wales
Posted: 09/08/2022
Prior to the UK’s departure from the EU, the enforcement of judgments from Greece in England and Wales was exclusively governed by the so-called ‘European Regime’ for claims instituted after January 2015. Despite the UK’s exit from the EU in January 2020, the European Regime remains relevant today for parties that seek to enforce judgments obtained in proceedings issued prior to the UK-EU transition period ending on 31 December 2020......>>
Navigating international disputes: enforcing Spanish judgments in England and Wales
Posted: 24/03/2022
Prior to the UK’s departure from the EU, the enforcement of Spanish judgments in England and Wales was exclusively governed by the so-called ‘European Regime’ for claims instituted after January 2015. Despite the UK’s exit from the EU in January 2020, the European Regime remains relevant today for parties that seek to enforce judgments......>>
Planning for the commercial impact of potential USA, EU and UK Sanctions in the Russia-Ukraine Crisis
Posted: 16/02/2022
The USA announced the last major change to the structure of the Russian-Ukrainian sanctions regimes, prompted by the shooting down of Malaysia Airlines MH17 over Ukraine in July 2014, in September 2014. Since then, a number of updates and additions have been made by the USA, the EU and, more recently, the UK under the 2019 Russia (Sanctions) (EU exit) Regulations......>>

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Coronavirus and shipping: what to expect - March 2020
Although we all have health concerns arising from the Covid-19 virus, we must also gauge how to react in a business setting and be prepared to deal with the crisis now and going forward. At Penningtons Manches Cooper, we think that past financial crises offer warnings and some guidance to the shipping sector.

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