Primary Contacts

Nancy L. Hengen
Partner
New York

Nancy L. Hengen practices in the Business Law Section. Ms. Hengen is experienced in loan and finance transactions generally and she has extensive background in commercial vessel finance...

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Jovi Tenev
Partner
New York

Jovi Tenev is a partner in the New York office of Holland & Knight and is a member of the Business Law Section. Mr. Tenev has extensive experience representing financial institutions,...

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James Harold Power
Partner
New York

James H. Power practices in the areas of international law, admiralty law, transportation law, environmental law, public law and general civil litigation. He focuses generally on marine...

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Articles & White Papers
Maritime Transactions, Bankruptcies and Workouts

International Maritime Workouts, Business Workouts Manual (2nd ed.)
 

Thomson Reuters/West, Boston

December 2, 2008
 
Lennard K. Rambusch- New York
Jovi Tenev - New York

The majority of shipping loans are secured by vessels that operate internationally. In developing a workout strategy involving vessels engaged in “blue water” trades, the laws of a number of nations as well as international conventions may be relevant. An analysis not only of the lender's security but also of the relevant laws of nations where vessels are scheduled to call is an important first step in a maritime workout.

"International Maritime Workouts," a chapter contained in the book Business Workouts Manual (2 ed.), and co-authored by Holland & Knight partners Jovi Tenev and Lennard Rambusch, discusses legal issues related to international maritime workouts, including checklists, strategies and detailed information.

READ: International Maritime Workouts

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