Watson Farley & Williams, Shipping | Chambers Global Profile

Chambers Review

Provided by Chambers

Shipping: Finance - Asia-Pacific Region

Band 1

What the team is known for

Watson Farley & Williams has an outstanding regional ship finance legal team, especially renowned for its prowess in China and Singapore, together with its noted Thailand office. The regional team also works regularly on financing and restructuring transactions for Korean ECAs and commercial banks. Its talented practitioners provide expertise to leading financial institutions and ship owners on sale and leaseback transactions, loan facilities and debt restructuring, particularly on matters pertaining to FPSOs and other offshore vessels. The firm is also active advising Chinese leasing companies, and regularly advises international banks. The team handles matters across the oil and gas, logistics, and cruise and ferry industries.

Notable practitioners

Madeline Leong in Hong Kong and Andrew Nimmo in Singapore are key points of contact for the firm's regional practice.

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Work Highlights

Provided by Watson Farley & Williams

Watson Farley & Williams advised Hamburg Commercial Bank in relation to a senior secured term loan facility totalling AUD95 million. The loan was arranged for Hamburg Bulk Carriers to refinance seven Liberian-flagged vessels.
Watson Farley & Williams advised SPDB Financial Leasing on the sale and leaseback of eight bulk carriers, including both second-hand carriers and newbuilds.
Watson Farley & Williams advised Sumitomo Mitsui Banking Corporation on a USD170.2 million facility provided for the financing of a newbuild LNG carrier, to be bareboat-chartered to H-Line Shipping and further time-chartered to POSCO International.

Strengths

Provided by Chambers

"They have a very knowledgeable and robust team as well as a global footprint to assist us in multiple jurisdictions."