Ship and offshore finance
Advising on ship finance transactions with numerous jurisdictions.
Advising a Norwegian shipping bank on the transfer of its portfolio security of Greek mortgages following the transfer of loan facilities between the bank's different legal entities.
Acting for a German bank, in its capacity as lender, agent, swap provider and security agent, in relation to a syndicated facility for the re-financing of a bulk-carrier vessel registered in the ownership of a Turkish borrower forming part of a major Turkish conglomerate active in shipping and shipbuilding, including advising on a security structure involving Turkish, Marshall Islands and Maltese corporate guarantors, personal guarantees, shares pledges, and mortgages. The deal included interesting questions regarding the concept of "trust" structures and "parallel debt" principles and priority issues.
Acting for a German bank in relation to a US$47,450,000 facility for the financing of a product/chemical tanker and a product oil/chemical tanker ordered by a Liberian and a Marshall Islands company, respectively, being subsidiaries of a major Croatian group, the transaction involved multiple jurisdictions including bareboat charter and sub-charter arrangements including assignments and subordination rights.
More: Ship and offshore Finance