Ship and offshore finance

Obtaining a nine-figure arbitration award for a leading ship finance bank against a defaulting shipyard.

Advising on the arrest and sale of two vessels for a major ship finance bank in connection against Iranian interests. The arrest and sale took place in China.

Advised on the enforcement of security against share pledges for a major ship finance bank. Our advice resulted in a 100% recovery of the bank’s multi-million dollar claim.
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Shipping litigation

Advising a major Korean shipowner in a substantial off-hire dispute with an oil major. Creative settlement resulted in increased business for client.

Advising charterers in connection with alleged early termination of four long term charters.

Advising a major European dry bulk operator in connection with a grounding of a laden bulk carrier off India. Work included real time assistance with casualty and management of all associated claims.

Advising a major Korean shipowner in relation to early multiple termination of charters by a major business partner. Case involved multiple simultaneous arrests in multiple jurisdictions and resulted in a successful recovery for our clients. The claim was valued at US$50 million.

Advising a major European shipowner in relation to grounding of a bulk carrier in Brazil. Assisting clients with unsafe port claims resulting in a successful recovery.
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Marine and international trade

Advising charterers on bunker hedging arrangements with particular reference to implications of the OW Bunker collapse.

Advising a market leading grain carrier on a major dispute with a long term JV partner relating to the sharing of profits. The claim was valued at US$50 million.

Advising charterers in connection with alleged early termination of four long term charters.
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Shipbuilding and offshore construction

Advising a major trader in relation to their acquisition of two newbuild bulk carriers including advice on the underlying shipbuild contracts and long term charter arrangements.

Advised a Dutch bank with regard to a facility in excess of £100 million to assist in financing two offshore vessels under construction at a shipyard in Spain. This was an exceedingly complex financing involving both junior and senior lenders and two ECAs.
 
Advised a UK bank with enforcement of its security for lending following the failure of a shipyard to complete construction of three high specification offshore vessels.

Advised a UK bank in a US$200 million dispute involving a major restructuring of a shipping company which was contracted to build two offshore support vessels at a shipyard. The construction of the vessels was severely delayed due to contractual disputes between the borrower and builder.
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Banks and banking

Obtaining a nine-figure arbitration award for a leading ship finance bank against a defaulting shipyard.

Advised on the arrest and sale of two vessels for a major ship finance bank against Iranian interests. The arrest and sale took place in China.

Advised on the enforcement of security against share pledges for a major ship finance bank. Our advice resulted in a 100% recovery of the bank’s multi-million dollar claim.
More: Banks and banking

Shipowners and operators

Advising charterers in connection with alleged early termination of four long term charters.

Advising a major Korean shipowner in substantial off hire dispute with a oil major. Creative settlement resulted in increased business for client.

Advising a major European dry bulk operator in connection with a grounding of a laden bulk carrier off India. Work included real time assistance with casualty and management of all associated claims.

Advising a major Korean shipowner in relation to early multiple termination of charters by major business partner. Case involved multiple simultaneous arrests in multiple jurisdictions and resulted in a successful recovery for clients. The claim was valued at US$50 million.

Advising a major European shipowner in relation to grounding of a bulk carrier in Brazil. Assisting clients with unsafe port claims resulting in successful recovery.
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India

Mike is ranked by Chambers as a leading individual for matters involving the Indian market. Mike routinely acts for Indian companies and for companies doing business in India. Over the past 20 years, Mike has developed a wealth of experience and contacts that equip him perfectly to assist with any commercial matters involving the nation.

Acting for a number of Indian ship owners, traders and P&I clubs/insurers on matters concerning carriage of goods, contentious ship finance disputes and ship and offshore vessel construction.

Acting on disputes ranging from cargo claims and off-hire disputes to groundings and vessel fires.

Advising on contentious ship finance matters for leading ship finance banks in a wide array of disputes arising from both pre and post-delivery finance.

Advising a major European dry bulk operator in connection with a grounding of a laden bulk carrier off India. Work included real time assistance with casualty and management of all associated claims.
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Korea

Mike is ranked by Chambers as a leading individual for matters involving the Korean market. Mike regularly represents Korean shipowners and has spent a great deal of time in Korea as a part of his work. Mike’s time in Korea includes many months on site in a major Korean shipyard where he gained first-hand experience of the industry.

Acting for some of the world's largest and most well-known shipowners on a wide range of disputes ranging from cargo and off-hire claims to groundings and vessel fires.

Representing leading ship finance banks in a wide array of disputes arising from both pre and post-delivery finance.

Advised a shipping company on their legal position concerning vessels which were redelivered early, resulting in a substantial claim for unpaid line and/or damages.

Advising a major Korean shipowner in substantial off-hire dispute with an oil major. Creative settlement resulted in increased business for client.

Advising a major Korean shipowner in relation to early multiple termination of charters by major business partner. Case involved multiple simultaneous arrests in multiple jurisdictions and resulted in a successful recovery for clients. The claim was valued at US$50 million.
More: Korea