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Summary
George Paleokrassas joined Watson, Farley
& Williams as a trainee in September 1992, qualified into the International
Finance Group in September 1994 and became a partner in 2003. George deals
with a broad range of ship finance work acting for major ship lenders in
the structuring and restructuring of loan transactions as well as for owners
and operators in commercial shipping matters (including the drafting and
negotiation of shipbuilding contracts, charterparties, joint ventures and
ship sale and purchase documentation) and in other general corporate matters.
He has also been involved recently in the financing of a number of
LNG newbuildings.
Recent Experience
- Advised the co-arrangers in connection
with a $250 million revolving credit facility to Tsakos Energy Navigation
Limited
- Advised Fortis Bank and K-Exim in connection
with a US$180 million joint financing of four Suezmax tanker newbuildings
ordered by TEN at Hyundai Heavy Industries Co. Ltd
- Advised a number of international lenders
involved in three facilities totalling $374 million which are to be used
in financing three 150,000 cubic metres membrane-type liquefied natural
gas carriers ordered by the Dynagas group
- Advised a syndicate of international banks
over a period of 2 years in connection with the global restructuring of
loan facilities totalling €310m made available to ANEK, one of the major
Greek ferry companies. This deal was nominated as one of the Shipping Finance
Deals of the Year by Legal Business Awards in 2004
- Advised a syndicate of international banks
in connection with the restructuring of certain medium-term credit facilities
totalling €125m made available to Minoan Lines, one of the major Greek
ferry companies
- Acted on the acquisition by Royal Caribbean
Cruise Lines of Celebrity Cruises. Watson, Farley & Williams won Shipping
Team of the Year by Legal Business Awards in 1997 for our work on this
transaction
- Advised The Royal Bank of Scotland plc
in connection with a US$228 million facility to be used in financing three
very large gas carriers under construction at Hyundai Heavy Industries
Co. Ltd
Education and Qualifications
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1991 - 1992
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College of Law, Guildford, Surrey
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1988 - 1991
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LLB Hons, University College Lodnon
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