WFW advises Altera on successful Chapter 11 restructuring12 January 2023
The restructuring addressed more than US$1bn of secured and unsecured holding company debt.
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Recent Amendments to Liberian Maritime Law and Liberian Maritime Regulations5 December 2022
In this client alert, we summarise the amendments made by The Republic of Liberia to the Liberian Maritime Law and Liberian Maritime Regulations with respect to ship mortgages.
WFW advises lenders on three sustainability-linked loan facilities for Ardmore9 August 2022
All sustainability provisions, including both environmental and social targets, are consistent across the facilities.
WFW Senior Partner George Paleokrassas moves to New York28 February 2022
Watson Farley & William is delighted to announce that newly elected Senior Partner and Global Maritime Sector Co-Head George Paleokrassas has moved across the Atlantic to head up the firm’s New York office. George replaces long-standing Office Head and highly regarded maritime finance Partner Daniel Rodgers.
WFW advises NAB on US$140.2m JOLCO financing25 May 2021
This ground-breaking transaction represents the first JOLCO involving a joint venture between ICBC Leasing and China Merchants Energy Shipping, with the vessels in question commissioned for a long-term contract of affreightment with Brazilian conglomerate Vale.
Ship leasing – risk of reclassification in US proceedings15 April 2021
As the importance of ship leasing as an alternative to debt financing grows, one potentially difficult and uncertain issue should be examined: the risk of a lease being recharacterised in US legal proceedings.
WFW advises Nordea on Exmar LPG US$310m loan facility21 December 2020
The loan facility refinanced two existing loan facilities secured on a number of LPG vessels and provides working capital to the owner. It is secured on 11 LPG vessels registered on Belgian flag.
LIBOR replacement and ship finance – where is it heading?23 November 2020
This article discusses the replacement of LIBOR at the end of 2021 which is likely to create difficult technical and practical issues for all sectors of business and finance.
WFW advises Royal Caribbean on US$2.15bn private offerings16 June 2020
Royal Caribbean announced that it intends to use the combined net proceeds from the offerings of the Notes for general corporate purposes, which may include the repayment of indebtedness.
WFW advises Royal Caribbean Cruises on US$3.3bn private offering3 June 2020
Partners Steven Hollander and Daniel Rodgers led the WFW New York Corporate team that advised long-standing client Royal Caribbean Cruises Ltd. on matters of maritime and Liberian law in connection with a US$3.3bn private offering.
WFW advises ICBC Financial Leasing on US$544m sale and leaseback with Frontline24 March 2020
Frontline used the proceeds to fund the acquisition of the ten vessels from Trafigura Maritime Logistics.
WFW expands New York aviation offering with senior hire12 March 2020
Aviation finance and leasing lawyer Philip Jackmauh is joining the firm as Senior Counsel.