Subscribe to RSS feedPitfalls in pulling plug on purchases
by
Obsidian
—
last modified
Jan 15, 2009 12:00 AM
Challenging economic conditions are creating problems for buyers and shipyards alike, due to credit or currency squeezes, defaulting buyers, a shortage of new orders and a failure to find finance.
Watson Farley & Williams managing partner Michael Greville outlined some of the pitfalls and the legal position at a recent networking meeting organised by Maritime London.
If a buyer wished to avoid a contract because of yard defaults, a...
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