Legal

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

Shell Commited To Russia Expansion Despite Sanctions

Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions

OSG Confirms Jones Act Status

Overseas Shipholding Group, Inc. (OSG) lets it be known that U.S. ownership of its common stock at the close of business on April 15, 2014 was 77 percent: the minimum

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges

Somali Pirate Sentenced to 12 Years by German Court

 A German court sentenced a Somali asylum-seeker to 12 years in jail on Thursday, for his involvement in the pirate hijacking of a tanker in the Indian Ocean in 2010.

DHL Expects Immunity in Price Fixing Investigation

Deutsche Post expects its DHL forwarding business to be granted immunity from prosecution and fines by Singapore antitrust authorities, who are investigating 11 companies for alleged price fixing,

S.Korean Ferry Master Faces Investigation

The captain of the South Korean ferry that capsized off the southwest coast was facing a criminal investigation on Thursday, an official said, amid unconfirmed

Miami Tugboat Oil Spill: Coast Guard Respond

The US Coast Guard says that its crewmembers are responding to a fuel spill in the vicinity of Government Cut in Miami, following a leak discovered aboard the 95-foot tugboat 'Neptune'.

Shipowners to Become Liable for Costs of Wreck Removal

Shipowner liability is on the horizon as the Nairobi International Convention on the Removal Wrecks will enter into force on 14 April 2015 following the deposit,

Italian Court Rules Saipem Exec Improperly Dismissed

An Italian court has ruled that Pietro Varone, former chief of oil service firm Saipem's engineering business, was improperly dismissed in connection with corruption allegations in Algeria,

Litigation Can Cost Shipbrokers an Arm & a Leg

A survey of London solicitors by specialist intermediaries insurer ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts,

Petrobras Defends US Refinery; Still Calls Deal Bad

Brazil's state-run oil company, Petroleo Brasileiro SA, on Tuesday defended its 2006 purchase of a refinery in Pasadena, Texas, even as it admitted the deal caused the company to lose money.

Canada pipeline opponents push for referendum

Opponents of Canada's Northern Gateway pipeline, bolstered by a coastal town's vote against the project, said on Monday they will now push harder for a provincial

BP head says Russian business unaffected by sanctions

Dudley reiterates BP stands by its Russian investments; now in Moscow for a Russian Geographical Society meeting. Western sanctions over Russia's actions in

Attestation / Endorsement services for seaman in UAE

The Maritime Administration of the United Arab Emirates has introduced services for the attestation of seaman contract and issuance of oil/chemical/gas tanker endorsement.

Concordia Captain Tried to Blame Wreck on Electrical Blackout

The captain of the Costa Concordia tried to persuade the crisis coordinator of the cruise line to pretend an electrical blackout had caused the shipwreck, a court was told on Monday.

Arcadia in Settlement Talks in CFTC Manipulation Case

Arcadia Petroleum and Parnon Energy have entered talks to settle accusations by the Commodity Futures Trading Commission that they fixed the physical crude oil market,

Hong Kong Bans Import of Kumamoto Poultry

Hong Kong’s Center for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today, April 14, that in view of a notification from the Japanese

German Court: Utilities to be Reimbursed Nuclear Fuel Tax

A Hamburg court on Monday said it reached a preliminary decision that would see German utilities being reimbursed more than 2.2 billion euros ($3.06 billion) in

Germany: Russia will let tanks roll across borders

German Vice Chancellor Sigmar Gabriel warned on Monday of an escalation of the crisis in Ukraine, saying "Russia was clearly prepared to allow tanks to roll across European borders".

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