Advising on complex ship finance restructurings with numerous jurisdictions involved and with certain emphasis on Greek law aspects. Acting for a Dutch bank in relation to a US$21m syndicated cross-collateralised facility where the borrower bareboat chartered its vessel to a third party Brazilian bareboat charterer under the Brazilian flag.
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 $30m syndicated facility in relation to the refinancing of 2 product tankers owned by a major Turkish group, involving complex Turkish law aspects including stamp duty issues.