Shipping: Finance (International Firms)
Global Guide 2024 : China
Band 4
Email address
[email protected]Contact number
+86 21 6339 0101About
Provided by Wikborg Rein Advokatfirma AS
The firm has an unrivalled experience in assisting Norwegian and international businesses in China in all aspects from establishment to operation to exit. We also assist a growing number of Chinese organisations with their outbound investments and international dispute resolution.
Along with the Chinese industry development, Wikborg Rein China have steadily developing their track records of representing ship owners, shipbuilders and financial institutions in ship construction, financing and operation in China.
Similar to our international practice, we are also an award winning provider of legal services in China within various industries such as offshore and shipping, inbound and outbound mergers and acquisitions including investment to Norway, banking and project financing, international dispute resolution, energy, construction.
Having been physically present in Shanghai for more than 16 years Wikborg Rein has established a significant portfolio of Chinese clients. We work with state-owned companies, listed companies, private equity investors and state-owned investment funds and a large number of small and medium sized businesses.
Being present in key jurisdictions such as London, Brazil and Singapore, Wikborg Rein also has tremendous experience in assisting Chinese clients in other parts of the world and not just in Norway or the Nordics; London arbitration under English law has become a notable specialty.
Chambers Review
Wikborg Rein Advokatfirma has a noteworthy team of seasoned shipping finance and litigation specialists. The firm acts predominantly on behalf of financial leasing companies, and also represents shipbuilding groups, offshore companies, P&I clubs and cruise giants. The team provides guidance on matters in relation to joint ventures, restructuring, and sale and leaseback transactions. It also assists with litigation and arbitration procedures concerning salvage, oil pollution and shipbuilding, as well as contractual and charter party disputes. Key clients of the firm include ICBC Financial Leasing and CMB Financial Leasing.
Ronin Zong is the department head and key contact for clients.
Work Highlights
- Wikborg Rein Advokatfirma advised Japan P&I and its Korean member on a ship sinking incident in the Taiwan Strait involving a chemical tanker, with overall costs and claims exceeding USD70 million.
- The firm also advised ICBC Financial Leasing on the early purchase of six oil tankers under a financial lease transaction with Scorpio Tankers.
Strengths
Provided by Chambers
"The Wikborg Rein team always spend enough time to decompose problems, meticulously safeguarding the interests of clients."
"They have a good width and depth in their practice which enables them to provide us almost a one-stop solution."
"The Wikborg Rein team always spend enough time to decompose problems, meticulously safeguarding the interests of clients."
"They have a good width and depth in their practice which enables them to provide us almost a one-stop solution."
Members
Provided by Wikborg Rein Advokatfirma AS
Chelsea Chen
Ronin Le ZONG
Head of Department
Yafeng Sun