Piraeus

KEY CONTACT

Nigel Bowen-Morris  

Nigel Bowen-Morris
Partner T: +30 210 42 95 160 M: +30 695 7505 481 Email Nigel | Vcard

General enquiries

T: +30 210 429 5160
​Email

Piraeus

We have been established in Piraeus, the maritime capital of Greece since 1996. We are widely recognised for our services to the shipping industry in the region and in recent years have handled many 'stand out' transactions
  • Profile
  • Experience
  • Key contacts
  • How to find us
Our Piraeus team has a strong pedigree of working with leading international shipowners, banks, corporates, lessors, P&I clubs, insurers, oil companies, traders, brokers and port operators across the eastern Mediterranean. We also provide Greek law support to our clients on a range of areas including shipping, real estate and corporate matters. 

We are qualified to practice English and Greek law and offer a multi-lingual team, including lawyers fluent in English, German, Greek and Russian.

We can help you with:
 
  • asset finance and leasing
  • aviation, including aviation finance and disputes
  • general banking and trade finance
  • Greek law support over a range of areas including general commercial, employment and real estate matters
  • offshore and energy
  • restructuring, workouts and enforcements
  • shipping including ship finance and shipping disputes.
"Managing partner Nigel Bowen-Morris has an outstanding reputation for his shipping finance practice. His 'easy-going and calm' demeanour is appreciated by clients, especially on complex, high-profile transactions." 
Chambers Global 2015

DVB Bank, US$110 million syndicated LMA loan facility 

We advised DVB Bank (acting as lender, agent and security agent) on the refinancing of part of a Turkish group fleet. The financing was in respect of ten tankers and two bulk carrier vessels registered in the ownership of relevant Maltese borrowers, with the Turkish company as corporate guarantor. This matter involved complex negotiations of term and security documentation and detailed analysis of tax and stamp duty liability.
 

Credit Suisse, US$154million secured loan to SPCs owned by Angelicoussis for refinancing of vessels

We advised on re-financing of three loan facilities with three banks and five vessels, four of which were registered in Greece and one registered in the Bahamas. 

HSH Nordbank AG, Commerzbank AG, US$232 million financing

We advised in relation to a syndicated loan facility where the security was granted in favour of all three lenders rather than a security agent. We also acted for the agent, in connection with the assignment of such security by the lenders to the security agent as one of the lenders sold its participation to the loan to another. 

Sumitomo Mitsui Banking Corporation, US$176 million refinancing 

We advised SMBC as agent in respect of a syndicated loan facility for the refinancing of four car carrier vessels for SPCs owned by a major Israeli shipping group. 

DNB Bank, $210 million SafeBulkers financing 

We advised DNB Bank regarding the refinancing of 8 existing group vessels and part financing of 2 new builds. The facility was extended to SPCs owned by a major Greek shipping group. 

Norddeutsche Landesbank Girozentrale, US$47.45 million financing 

We advised Norddeutsche (acting as agent) on a 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, each a subsidiary company of the biggest shipping group in Croatia. This transaction involved multiple jurisdictions, including Croatia, which is not often seen in international shipping finance. 

DVB BANK, US$30 million syndicated loan for the financing of tankers

We advised on a syndicated loan facility for the refinancing of 2 products tankers owned by a major Turkish group. The transaction involved multiple jurisdictions and complex Turkish law aspects (including stamp duty issues). 

ABN AMRO Bank, US£21 million financing 

We have documented a complex supplemental agreement to a syndicated and cross-collateralised loan facility where the borrower bareboat chartered its vessel to a third party Brazilian bareboat charterer and the vessel was temporarily registered under the laws and flag of the Federal Republic of Brazil, while the Liberian flag was temporarily suspended, for the duration of the bareboat charter. 

Advising a major Spanish retail chain

We have advised a major Spanish retail chain in relation to the closure of its Greek branches in Athens and Patras including dealing with Greek law liquidation issues.

Representation of Libyan interests

We have successfully advised and represented Libyan interests in relation to Greek law criminal and civil litigation in relation to the wrongful acquisition by a third party of their vessel in Spain.
 
Nigel Bowen-Morris

Nigel Bowen-Morris Partner

T: +30 210 42 95 160
M: +30 695 7505 481 Email Nigel | Vcard Office: Piraeus

Address

Stephenson Harwood LLP
2nd Floor
Filellinon 2 & Akti Miaouli
185 36 Piraeus
Greece 

T: +30 210 429 5160 │F: +30 210 429 5166

How to find us

  • Car
  • From Eleftherios Venizelos Athens International airport
  • By metro
  • By bus
  • Parking details
From Constitution Square (Syntagma)
Road EO91 - 18 mins – 11,5 km
Through Attica Highway – E94/A6+A/Δ / ΠΑΘΕ /Ε75 /Α1
38 mins – 51,5 km
From the Airport Terminal take the metro and change at Monastiraki Station to take Green line, LINE 1, for Pireus port.
From Constitution Square : 040 – 30 mins
From Airport : X96 – 1 hr
Polis Park, St. Nicholas (OLP)
Melina Merkouri Square (Akti Miaouli) – opposite St. Nicholas Church

Latest news & insights

13 Jun 2016

From News

Stephenson Harwood celebrates 20 years in Piraeus, maritime capital of Greece

Stephenson Harwood LLP is celebrating the twentieth anniversary of its presence in Piraeus, the maritime capital of Greece.

More

24 Feb 2016

From News

Stephenson Harwood – proud sponsors of The Marine Money Conference, 25 February 2016

Ship finance partners Jonathan Ward, Julie Clegg and Nigel Bowen-Morris look forward to meeting delegates at the industry leading conference.

More

10 Nov 2014

From Insights

Stephenson Harwood Greek office legal update - November 2014

We look at the scope of FATCA, the new taxation status for shipowners and a case-study analysis on the question whether the shareholders loans are debentures.

More

01 Nov 2013

From Insights

Stephenson Harwood Greek office legal update

Piraeus office take a look at recent changes to the tonnage tax regime in Greece applying to foreign-flagged vessels.

More

print-footer
logo
© 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.