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Eight different vessel sales by Geneva- headquartered Massoel Shipping SA stood for practically 40% of all Swiss- flagged industrial maritime vessels, according to London- headquartered law practice HFW (Holman Fenwick Willan LLP), which encouraged Massoel on the sales.
The company additionally supplied conclusion solutions on each of the deals, helping Massoel and also the buyers with closing and also the holding of down payment and also equilibrium.
HFW’s group consisted of Olivier Bazin, Michael Buisset, Patrick Myers, Emma Bud, Francis Walters and also Johanna Ohlman, of the company’s Geneva workplace.
Olivier Bazin, Geneva Office Head, HFW, claimed:
“We are delighted to have supported Massoel Shipping with these strategic transactions. A number of the closings took place in the height of the COVID-19 outbreak, which required us to solve a number of logistical and legal issues with port lockdowns, restrictions on underwater inspections and crew changes, and of course virtual closing meetings. HFW looks forward to supporting the Swiss maritime fleet in its next phase of development.”
