Simon Petch
Partner

FINANCE

SINGAPORE

T: +65 6532 5335 or +65 6551 9188
D: +65 6551 9182
M: +65 9648 8071

EmailE: spetch@wfw.com

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Simon Petch

Summary Open

Simon is a Partner in the Finance Group, specialising in the maritime sector. Simon advises banks, other financiers, owners and other participants on all aspects of debt, leasing and structured finance; security; construction and conversion; sale and purchase; operational and corporate matters. He has assisted on a number of public placement transactions. He has also been involved in a number of high-profile restructuring, work-out and dispute resolution matters.

Simon is “acknowledged in the market as a talented lawyer… for his work advising on financing, contractual and corporate matters in the shipping sector”. Clients also value that he “takes the time to understand us as clients and grasps our commercial requirements” (Chambers Asia-Pacific 2016).

Simon joined Watson Farley & Williams, London in 2006 and relocated to the Singapore office in March 2012.

Experience Open

    Simon’s relevant experience includes:
    • Acting for certain lending banks in connection with a number of restructurings in the shipping and offshore sectors. These are ongoing, and are price-sensitive, so remain confidential.
    • Acting for international lending banks to a top-tier ship owner, including Bank of America, HSBC, Santander and Mizuho in connection with its bulk carrier fleet financings.
    • Acting for Precious Shipping Public Company Ltd in connection with its cancellation and restructuring of its newbuilding order book with Sanfu and Sainty yards in China.
    • Acting for international lending banks to a top-tier ship owner, including Citibank, Commonwealth Bank of Australia, Crédit Agricole CIB, DekaBank, ING Bank NV and Nordea Bank in connection with various tanker and container vessel financings.
    • Acting for a top-tier ship owner in connection with a construction contract and end-user charter involving a cement carrier project.
    • Acting for an international oil major in connection with a shariah-compliant financing of certain assets located in South East Asia.
    • Acting for a top-tier ship owner in connection with a series of sale and leaseback financings of its bulk carrier fleet.
    • Acting for a well-known ship owner in connection with a construction and leasing project for a fleet of multi-gas carriers in China.
    • Acting for Global Process Systems in connection with its Cendor field operations.
    • Acting for Brunei Gas Carriers in connection with the (Islamic) financing, construction, delivery, employment, management and operation of its “A-Class” LNG carrier fleet.
    • Acting for a South East Asian offshore owner operator in connection with the financing of its FPSO.
    • Acting for a syndicate of banks led by HSH Nordbank AG in connection with the financing of Allocean Carriers fleet; and further advising the banks in relation to the subsequent restructurings following the insolvency of the Allco group and, latterly, Sanko.
    • Acting for Bank of Scotland (latterly Lloyds Bank) and Crédit Agricole CIB in connection with the financing and subsequent enforcement and workout of various Eastwind vessels following Eastwind’s Chapter 7 insolvency.
    • Acting for a syndicate of banks led by HSH Nordbank AG in connection with the financing of Tallink’s acquisition of the Silja Ferries fleet as part of the Sea Containers Chapter 11 restructuring.
    • Advising Astilleros Españoles’ Astano yard in connection with a series of FPSO conversion projects.

Education Open

  • Queen Mary and Westfield College, London University (LLB)
  • The College of Law, Chester (LSF)

Author/Speaker/Awards Open

Simon is a regular speaker and delegate at conferences in the maritime sector. Most recently he spoke at Marine Money, Singapore in September 2016.

Membership of Professional Societies Open

  • Chairman of the Transport, Logistics and Supply Chain Business Group Committee of the Singapore British Chambers of Commerce
  • Ambassador for the Sailors’ Society

Publications Open

  • South Korea

    South Korea

    Skilled lawyers delivering effective services in relation to projects, transactions and disputes in South Korea....

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  • Offshore Brochure

    Offshore

    Specialist lawyers working with rigs, FPSOs, support vessels and other offshore assets....

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