Contact details

Ian Mace

T: +44 20 7809 2653 M: +44 7768 076 931 Email Ian | Vcard Office: London

Awards

London: Finance - Asset finance and leasing

London: Finance - Asset finance and leasing

Chambers UK 2017 - Leading individual - Asset finance: Shipping finance UK-wide

Shipping finance law firm of the year 2011

Shipping finance law firm of the year 2011

Ian Mace Partner

Contact details

Ian Mace

Ian Mace
Partner

T: +44 20 7809 2653 M: +44 7768 076 931 Email Ian | Vcard Office: London

Ian is an expert in the asset finance sector, specialising in ship, offshore and superyacht finance. He has broad experience of various financing transactions, from conventional debt, private equity and Islamic finance to leasing and restructuring. Ian provides quality advice in a commercial context with exceptional levels of service. Ian is recommended by The Legal 500 UK 2016 and Chambers UK 2017 for ship finance.
  • Profile
  • Services
  • Sectors

Ian has a wealth of experience in complex financing structures, including export credit backed new building financings, financing of receivables pursuant to pool agreement, seller's credit transactions, Islamic financings and sale and lease back transactions. He has also led teams involved in the disposal and acquisition of loan portfolios for a number of high profile financial institutions.

Ian acts for a mixture of financial institutions, ship-owners and operators, joint ventures, funds, private equity groups and shipbuilders in a broad variety of transaction types, which allows him to anticipate the issues that his counterparts will raise and enable him to offer commercial solutions.

Ian has been involved in the restructuring of a number of high profile financings in varying stages of distress, and has also advised in respect of a number of transactions that have involved enforcement action including the arrest and auction of vessels in a number of jurisdictions.

Highly regarded by his clients, Ian is commended for being sharp, quick on his feet, well prepared and able to argue any case clearly and convincingly.


 “I have come to highly value Ian’s diligent approach and broad legal experience, while he always retained a sense for the commercial structure and dynamics of each project.”

Christoph Toepfer, Founding Partner and CEO (Principal), Borealis Maritime
  • Ship and offshore finance
  • Private equity and venture capital
  • Islamic finance

K-sure and GIEK backed financing

Advising a Norwegian based shipping group on a loan facility consisting of a commercial bank tranche, GIEK supported tranche and K-sure supported tranche in respect of the delivery financing of an accommodation vessel.

Sinosure backed financing

Advising a Dutch based bank on a Sinosure backed loan facility to a NASDAQ listed shipping group in relation to the delivery financing of three dry bulk carriers.

Financing and restructuring

Advising a Norwegian based bank in respect of the GIEK supported financing of a number of seismic vessels subject to Russian bareboat charter registrations and resulting restructuring.

Sale and leaseback

Advising on the sale and leaseback of a product tanker subject to a bareboat charter registration on the Latvian flag.

Restructuring of loan facilities

Advising the agents of syndicates of European banks in respect of the restructuring of loan facilities in respect of fourteen tankers.

More: Ship and offshore finance

Joint venture establishment and resulting financing

Advising a European private equity group in respect of the establishment of a joint venture with a Greek shipping group and the subsequent financing of the two newbuildings.

Joint venture establishment and resulting financings

Advising a UK based shipping group in respect of the establishment of a joint venture with a US based private equity group and numerous acquisitions, registrations and financings of a number of second-hand vessels.

Acquisition and financing of tankers

Advising a joint venture established by a US based private equity group and a Singapore based shipping group in respect of the acquisition, registration and financing of a number of second-hand tankers.

Norwegian tanker financing

Advising a number of Norwegian based banks in respect of the financing of 6 products tankers acquired by a joint venture established between a US based private equity group and a Norwegian based shipping group.

More: Private equity and venture capital

Financing of vessels

Advising a Middle East based fund in respect of the financing of 14 vessels operating in African waters involving Nigerian and Ghanaian bareboat registrations. 

Restructuring of a Murabaha facility

Advising a Middle East based fund in respect of the restructuring of a Murabaha facility secured over offshore support vessels.

Financing of product tankers

Advising a Dubai based bank in respect of a Murabaha facility in respect of 5 product tankers acquired by a Middle East based fund.



More: Islamic finance

  • Banks and banking
  • Offshore
  • Shipowners and operators
  • Shipbuilders
  • Retail and luxury goods

Portfolio disposals

Advising a New York based bank in respect of the transfer of its loan portfolio to a newly established vehicle.

Sinosure backed financing

Advising a Dutch based bank on a Sinosure backed loan facility to a NASDAQ listed shipping group in relation to the delivery financing of three dry bulk carriers.

Financing and restructuring

Advising a Norwegian based bank in respect of the GIEK supported financing of a number of seismic vessels subject to Russian bareboat charter registrations and resulting restructuring.

Restructuring of loan facilities

Advising the agents of syndicates of European banks in relation to the restructuring of loan facilities in respect of fourteen tankers.

More: Banks and banking
    

Financing and restructuring

Advising a Norwegian based bank in respect of the GIEK supported financing of a number of seismic vessels subject to Russian bareboat charter registrations and resulting restructuring.

 

Offshore vessel financing

Advising a Singapore based bank in respect of the financing of 16 offshore support vessels for a Middle Eastern based shipping group.

 
Advising a number of financial institutions in respect of the financing of offshore support vessels for a Dubai based shipping group operating such vessels being subject to bareboat charter registrations within Azerbaijan and Kazakhstan.

More: Offshore

K-sure and GIEK backed financing

Advising a Norwegian based shipping group on a loan facility consisting of a commercial bank tranche, GIEK supported tranche and K-sure supported tranche in respect of the delivery financing of an accommodation vessel.

Tanker financing

Advising a joint venture established between a UK based shipping group and a US based private equity group in respect of the financing of five product tankers.

Dry bulk financing

Advising a joint venture established between an Italian based shipping group and a US based private equity group in respect of the financing of five product tankers.

More: Shipowners and operators

Seller's credits

Advising a Korean shipbuilder in respect of the provision of seller's credits and related intercreditor arrangements in respect of eight newbuildings.

Seller's credits and restructuring

Advising a Korean shipbuilder on the provision of seller's credits and related intercreditor arrangements in respect of six newbuildings and related restructuring.

Seller's credits and extensions

Advising a Korean shipbuilder in respect of the provision of seller's credits and extensions thereto in respect of four newbuildings.

Acquisition of superyachts

Advising HNWIs in respect of the building contracts, acquisition contracts and registrations of superyachts.

Financing of superyachts

Advising a variety of financial institutions and HNWIs in respect of the financing of superyachts including structuring financing arrangements for superyachts that are subject to Maltese and Cypriot lease structures.

Enforcement action against superyachts

Advising a variety of financial institutions in respect of taking possession of and the arrest and court auction of a number of superyachts.

More: Retail and luxury goods

Awards

London: Finance - Asset finance and leasing

London: Finance - Asset finance and leasing

Chambers UK 2017 - Leading individual - Asset finance: Shipping finance UK-wide

Shipping finance law firm of the year 2011

Shipping finance law firm of the year 2011

Latest news & insights

12 May 2016

From News

Stephenson Harwood advises AET on Paramount Tankers purchase

International law firm Stephenson Harwood LLP has advised AET on its purchase from Golden Energy Tanker Holdings of the 50 percent stake in Paramount Tankers which it ..

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.