Locke Lord Advises U.S.-Based Operator of Offshore Service Vessels in Dispute Resolution Matter

Greg Burch advised a leading U.S.-based operator of offshore service vessels in a dispute resolution matter regarding the default/anticipated default by a Chinese shipyard in the delivery of 12 vessels. The client had entered into various ship building contracts with the Chinese shipyard in excess of US$100 million. Locke Lord advised on issues and three separate arbitrations arising from the breach of the shipbuilding contracts and the performance guarantee issued by the Bank of China. Locke Lord has successfully reached settlement in the disputes with respect to all 12 vessels for the client, including refund of many tens of millions USD.
Posted on December 10, 2015