Shipping: Domestic
Asia-Pacific Guide 2024 : Singapore
Band 3
Contact number
+65 6737 1234About
Provided by Virtus Law LLP
Stephenson Harwood (Singapore) Alliance is recognised as having one of the world’s leading shipping and offshore practices and its lawyers are consistently ranked as best in class. We are consistently instructed by most of the major shipping and offshore companies, energy service companies, oil and gas businesses, shipyards, insurers, commodity companies, sponsors, lenders and private equity providers.
In shipping and offshore our lawyers advise on services spanning:
- Finance: senior, mezzanine and subordinated debt and covering corporate finance, ship and offshore finance, blended corporate and asset finance, export credit agency backed, leasing, project finance, limited recourse and derivatives
- Corporate: mergers and acquisitions, capital raisings, debt for equity swaps, group reorganisations and restructurings, joint ventures, private equity investments and general corporate advice on a range of matters including regulatory compliance, equity incentives, competition issues and succession planning
- Commercial: project tender processes, project documents, building contracts, pooling arrangements, conversion contracts, sale and purchase and charterparty agreements
- Disputes: risk mitigation, litigation, arbitration and mediation, international sanctions and arrests and enforcements
- Restructuring: debt restructuring and refinancing, debt for equity swaps, schemes or arrangement, judicial management, chapter 11 and insolvency
Chambers Review
Virtus Law's well-reputed team of lawyers in Singapore advises on both shipping finance and litigation. The group is active on enforcements, including ship arrests, advising a number of international and domestic shipping companies on maritime disputes. On the financing side, the team regularly represents leading banks and financial institutions on matters pertaining to ship registration, sale and leaseback, refinancing and shipbuilding contracts. The firm maintains a notable shipping-related restructuring and insolvency practice. Virtus Law is able to provide solid international advice through its association with Stephenson Harwood. Notable clients include Seapeak, Global Loan Agency Services Australia and ANZ Bank.
Work Highlights
- Virtus Law advised ABN AMRO Bank on a senior secured multicurrency revolving and term loan to Peacock Asset Company and Peacock Euro Assets.
Strengths
Provided by Chambers
"Virtus Law's service levels and responsiveness are exemplary."
"Virtus write in plain English and are quick to respond. I will go to them first when there is an issue."
"Virtus Law's service levels and responsiveness are exemplary."
"Virtus write in plain English and are quick to respond. I will go to them first when there is an issue."
Notable Practitioners
Colin Jarraw is well versed in ship financing, including the sale and leaseback of vessels. He advises international banks and shipping companies on matters in Singapore.
"I very much enjoy working with Colin. He is vastly experienced, and extremely responsive and attentive."
Daryll Ng is known in Singapore for his adept handling of dry shipping matters, regularly assisting with cargo disputes, as well as restructuring-related matters. He works with a range of multinational corporates active in the sector, including international banks and shipping companies.
"He's very helpful and prompt in his response. He is a Singaporean lawyer who can also advise on English law."