Asset Finance: Rail Finance
UK Guide 2025 : UK-wide
Band 2
Email address
[email protected]Contact number
+44 20 3088 0000About
Provided by A&O Shearman
Our award-winning, international asset finance practice holds a pre-eminent position in the market. We are know for our extensive experience across all sectors of the asset finance industry, with specialists in the aviation, shipping and offshore markets.Our client base includes banks, financiers, funds, owners, airlines, lessors, manufacturers, captive finance companies, operators, borrowers, lessees, export credit agencies and government organisations.
We have a strong track record of advising on market first and award winning transactions and are ranked Tier 1 by all the leading, global directories cementing our position as a leader in the market.
Our work highlights include:
- The lenders on a USD1.2b Islamic ijara lease financing to International Airfinance Corporation
- Floreat Aviation Fund in relation to setting up its fund and securitisation programme focused on
the aviation sector - UKEF on the $913m ECA supported Sukuk financing for Emirates representing the largest capital
markets ECA supported financing in the aviation space - Yamal LNG on the shipping aspects of the shipping the project to transport LNG from its plant in
Sabetta on the Yamal peninsula in Arctic Russia to Asia and Europe - The lenders, SACE and Bpifrance/Coface in connection with CHC Helicopter's Chapter 11 process,
including advising on the leasing and insurance arrangements, repossessions advice, enforcements against and sale of helicopters which were rejected as part of the Chapter 11 process
Chambers Review
The firm has a market-leading asset finance practice with outstanding capability across aviation finance, with additional capacity in shipping and rail finance matters. The firm advises clients on sophisticated structures, including EETCs, JOLCOs and ECA-backed bonds. It regularly works with banks and corporates on industry-leading deals. The firm is acclaimed for its well-rounded practice and its ability to provide parallel services relating to tax, litigation and restructuring. It is adept at handling AFIC structured financing products in the aviation sector.
Work Highlights
- A&O Shearman advised Avilease on the USD2.6 billion acquisition of Standard Chartered’s business, inclusive of the Pembroke Group and 100 narrow body aircraft.
- A&O Shearman advised Aman Group on the formation of a joint venture company in relationto the launch of a new cruise business.
Strengths
Provided by Chambers
"You would struggle to find a better team to handle the hard deals."
"They are perfectly equipped to deal with complex transactions from cradle to successful execution."
"We get a top-tier service 24/7 from A&O Shearman."
"You would struggle to find a better team to handle the hard deals."
"They are perfectly equipped to deal with complex transactions from cradle to successful execution."
"We get a top-tier service 24/7 from A&O Shearman."
Notable Practitioners
Paul Nelson is head of the aviation finance group and a premier practitioner in the industry. He has strong expertise in aircraft restructuring, leasing and financing matters.
"Paul is our first port of call for any asset finance transaction. He is knowledgeable, commercial and easy to work with."
"He is extremely smart, practical and particularly good when an innovative approach is needed."
"His advice is absolutely synchronised to the needs and commercial and technical drivers of his client."
Harry Upcott earns plaudits for his impressive practice in the aviation finance space. He advises on matters such as credit facilities, acquisitions, and sale and leaseback of aircraft.
"He is an outstanding Partner with great commercial awareness. He understands the need to execute a successful close against demanding timelines."
"He is an exceptional commercial attorney who understands all of the ins and outs of the aviation finance business."
Kevin Young brings strong capabilities to ship finance matters. He often handles transactions concerning LNG carriers.
"He has very strong industry knowledge and the ability to manage complex structures. His advice is clear and concise as well as commercial."
Brendan McCarthyis an up-and-coming partner. He represents airlines in financing matters, including lease agreements.
"Brendan is a great asset to any transaction, bringing both excellent service and knowledge with a strong negotiation style."
"Brendan is a reliable and very knowledgeable partner to work with."
Ranked Lawyers at
A&O Shearman
UK-wide