Shipping law used to be a hugely fashionable practice area for City law firms, keeping major practices such as Norton Rose busy on a range of contentious and non-contentious matters. In recent years marine work has dropped off, forcing some firms to merge, others to close and the bigger ones to diversify. But work is now picking up for the main shipping practices as demand for exports from far-flung jurisdictions produces more commercial opportunities and more litigation.
In this Shipping Special Report, The Lawyer looks at the legal consequences of the recent conflict between Israel and Hezbollah. With 50 cargo ships trapped inside an Israeli blockade, there was plenty of work for lawyers – work that continues now a ceasefire has been agreed.
We also look back at the effect of the Mareva Injunction, which was first introduced nearly 30 years ago. Despite its age, the injunction is still a key part of any shipping dispute and does not look like going out of fashion.