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21 February 2019

WFW advises Armamento Setramar on “Pietro Benedetti” sale

Watson Farley & Williams (“WFW”) advised Armamento Setramar, a shipping company that is part of the Setramar Group, on the sale of the vessel “Pietro Benedetti”.

The “Pietro Benedetti”, a multipurpose 9,800dwt unit primarily focused on carrying general and project cargoes, was sold to a Finnish company.

WFW advised on the negotiation of related documentation and the establishment of an escrow acount for the release of the sale price.

Setramar Group is a Ravenna-based port and shipping group operating in the port and inland logistics, shipping, trading, production activity, services, energy, Agrifood and real estate sectors.

The WFW Italy Maritime team advising Armamento Setramar was led by Partner Furio Samela, assisted by Senior Associate Michele Autuori. London Partner George Macheras advised on the English law aspects of the transaction.

 

About Watson Farley & Williams:

Watson Farley & Williams is an international law firm with offices in Athens, Bangkok, Dubai, Frankfurt, Hamburg, Hong Kong, London, Madrid, Milan, Munich, New York, Paris, Rome and Singapore. The firm currently has 500+ lawyers and over 900 staff. Watson Farley & Williams is a leading international law firm providing services of high quality and value to clients throughout a range of industry sectors, with particular focus on: Energy & Infrastructure, Maritime, Natural Resources, Real Estate and Transport. Lawyers from our international offices work as integrated teams to provide practical, commercially focused legal services. Our locations allow us sufficient geographical spread to be competitive in the global market and to provide consistently high quality legal services to our clients. w: www.wfw.com

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