WFW advises Global Ship Lease on its first sale and leaseback2 June 2021
This is GSL’s first sale and leaseback transaction, with the US$14,375,000 being made available to GSL under the sale and five-year capital leaseback.
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WFW Hong Kong named CBLJ Shipping “Firm of the Year”28 May 2021
The China Business Law Awards are based on hundreds of nominations received from China-focussed corporate counsel and legal professionals around the world.
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.
WFW expands London Aviation team with new Partner hire17 May 2021
Chris is the most recent of several senior hires and promotions across WFW’s Global Aviation Group in the past two years.
Alternative Fuels – What does the future hold for Shipping?12 May 2021
Drawing on the findings of our recent report “The Sustainability Imperative”, this article takes a look at some of the possible fuels to replace heavy fuel oil in the shipping industry. While some of these alternative fuels may eventually prove to be intermediate solutions, they remain an essential part of the industry’s journey to its carbon neutral future.
Digitalising Singapore: the new ETA and its impact on e-Bills of Lading7 May 2021
This article discusses some key benefits of Singapore’s Electronic Transactions (Amendment) Act 2021 and its impact on the maritime sector, focusing on e-bills of lading with a Q&A at the end.
Virgin Atlantic Airways restructuring wins IFLR1000 Europe Restructuring Deal of the Year 202130 April 2021
The deal is one of the most significant airline restructurings to have taken place since the onset of the Covid-19 crisis.
WFW advises Danaos on US$1.25bn refinancing23 April 2021
Danaos has refinanced all its outstanding debt under nine senior secured credit facilities, streamlining its capital structure from nine credit facilities to one.
US Dollar LIBOR Transition in asset finance – where are we now?19 April 2021
This article examines the recent regulatory and market body announcements relating to the transition away from LIBOR.
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 Banco Santander on US$77.1m K-SURE loan facility for Evergreen15 April 2021
The financing, which has a tenor of ten years, represents the first K-SURE-supported financing for Evergreen group.