We advised long-standing client Teekay Tankers Ltd. on the sale-and-leaseback for six Aframax tankers, improving its net liquidity position by US$60m after the repayment of outstanding related debt.
Mohammed Kamal and Amy Jones take a look at the Real Estate Investment Trusts (“REITs”) landscape in the United Arab Emirates (“UAE”), Kingdom of Saudi Arabia (“KSA”) and the wider GCC.
In our new briefing, Tom Jarvisand Hetan Ganatra discuss the increasingly common ground rent transactions and the practical benefits this transaction may have on real estate owners and companies.
Alan Polivnick and Nicharee Musikapraphan outline the key focus of Regulation 11, which was issued by The Civil Aviation Authority of Thailand earlier this year. The briefing discusses the Regulation’s changes in relation to the deregistration of Thai registered aircraft.
Aviation and asset finance rising star Jim Bell will be joining the firm’s Global Aviation group in London.
In this briefing, Michael Savva and Alice Atkinson discuss the new regime for the registration of mortgages over movable assets in the UAE.
On 7 August 2018, both the first wave of re-imposed US secondary sanctions, and the EU Blocking Statute took effect: how can we comply with two incompatible laws at the same time?
We advised Taconic Capital on its joint acquisition with SC Lowy of a shipping portfolio of UTP from Italy’s Monte dei Paschi di Siena group.
We advised CMB Financial Leasing Co., Ltd on a US$180.4m sale and leaseback transaction with Star Bulk Carriers Corp.
The facility is secured on 14 of First Ship Lease Trust’s vessels flagged in either the Bahamas or Singapore.
We advised long-standing client MSC Cruises on the €1.5bn ECA-backed financing for two new Seaside EVO class cruise ships.
Charles Buss and Nick Payne discuss the recent decision of the Admiralty Court in London, Natwest Markets Plc v Stallion Eight Shipping Co. S.A., in which we acted for the successful party. Has the recent decision confirmed the attractiveness of England as a jurisdiction for the arrest of ships?