Contact details

Matthew Seah

T: +65 6622 9632 Email Matthew | vCard Office: Singapore

Awards

Winner - The i-law Maritime Law Award

Winner - The i-law Maritime Law Award

Matthew Seah Senior associate

Contact details

Matthew Seah

Matthew Seah
Senior associate

T: +65 6622 9632 Email Matthew | vCard Office: Singapore

Matthew is a senior associate in the shipping and offshore finance group in Singapore. His particular focus extends to multi-jurisdictional asset finance and restructuring transactions related to various asset classes in the shipping sector.
  • Profile
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Matthew regularly acts for both financiers and ship owners on a broad range of transaction types including, amongst others, syndicated and bilateral financings and re-financings, ECA backed financings, container box financings, sale and leaseback transactions,  loan facility restructurings as well as advising on general vessel sale and purchase transactions.

In particular, Matthew also has extensive experience advising on distressed loan facilities and has advised numerous financiers in relation to the management of borrower defaults, loan accelerations, collateral due diligence, coordination of lending syndicates and ultimately the enforcement, management and realisation of secured assets.  As part of this body of work, Matthew has assisted clients to coordinate multiple vessel arrests as well as private, hybrid and judicial sales of secured vessels in a number of different jurisdictions, where necessary taking a leading role in coordinating cross border and cross practise teams with litigation focused colleagues and overseas lawyers.

Matthew regularly engages with matters spanning multiple jurisdictions and has experience in dealing with the various stakeholders in the shipping and offshore financing space including financial institutions, ship owners, shipyards, brokers, local lawyers in key jurisdictions as well as maritime authorities and shipping registries. Specifically, Matthew has worked on a wide range of instructions related to the Korean market and has broad experience working with Korean ship owners, banks and local counsel.

Whilst at Stephenson Harwood, Matthew has also enjoyed the experience of a client secondment with a major international bank through its Singapore office and is also a member of the firm's 'Innovation Network', working with the firm's central innovation team to explore new processes and technologies to improve the firm's offering to our clients.

  • Restructuring and insolvency
  • Ship and offshore finance

Korean shipping company

Acting for over 20 international and domestic Korean financiers (across syndicated and bi-lateral facilities) in relation to the rehabilitation and ultimately insolvency of a formerly global Korean based shipping company.  This project involved the arrest and sale of over 20 secured vessels as well as, in conjunction with Korean lawyers, guiding the affected financiers through the Korean rehabilitation and bankruptcy process.

Distressed offshore vessel facility

Advising a well-known international bank in connection with payment default in connection with a facility to finance two offshore supply vessels, and in conjunction with the same advising on the enforcement of a personal guarantee, arresting and selling the vessels whilst concurrently defending and resisting a third party freezing order against the vessels. 

Contract of Affreightment (COA) backed financings

Acting for various international and domestic Korean financiers across a series of loan facilities (totalling over US$1 billion) for a number of different Korean ship owners to finance the construction of over 20 ore carriers to serve long term contracts of affreightment with a South American based multinational mining entity.

Financing of two LNG carriers

Acting for a well-known global maritime group in connection with its borrowing of a secured loan facility in excess of US$300 million in order to finance its acquisition of two LNG carriers in order to service charter obligations with a Singapore based LNG organisation.

Accommodation jack up rig

Acting for a US based investment firm (as borrower) in relation to a US$104 million secured loan facility in relation to the financing of an offshore accommodation jack-up rig.

More: Ship and offshore finance

  • Banks and banking
  • Shipping

Revolving credit facility

Representing a well-known international bank on a US$50 million revolving credit facility to a recognised Hong Kong based container leasing entity for the financing of a portfolio of container boxes.

Secured loan facility

Acting for a global European based bank in connection with a secured loan facility exceeding US$27 million in connection with the financing of a bulk carrier for a Korean based ship owner to serve a domestic consecutive voyage charter with a Korean based logistics organisation and thereafter advising on relevant amendments to the facility documentation to accommodate installation of a scrubber system.

Two vessel secured loan facility

Acting for a global bank out of its Hong Kong office in connection with the US$45 million financing of two bulk carriers by a Korean based entity to service charters with domestic Korean energy providers and in particular advising on various intercreditor issues in relation the additional junior financing taken out by the borrowers. 

More: Banks and banking

CVC backed financing

Acting on behalf of a well-known European based bank in relation to a syndicated loan facility exceeding US$109 million to a leading Korean based shipping company to facilitate construction of a number of general cargo vessels to serve consecutive voyage charters with a well-known South American pulp and paper producer.

Sale and purchase of bareboat chartered vessels

Acting for a US based investment firm in relation to the complex sale of two tanker vessels serving bareboat charters including advising the sellers on issues related to its outgoing loan facility as well as issues relating to the bareboat charterer registrations of the Vessel. 

Container box JOLCO

Advising a well-known European shipping company (as seller and lessee) in relation to a US$30 million Japanese Operative Lease with Call Option (JOLCO) transaction. 

More: Shipping

Awards

Winner - The i-law Maritime Law Award

Winner - The i-law Maritime Law Award

Latest news & insights

10 Nov 2020

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Stephenson Harwood advises NAB on a US$178 million limited recourse financing

Stephenson Harwood (Singapore) Alliance has advised National Australia Bank Limited (NAB) on the structuring and documentation of a US$178 million limited recourse fin..

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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.