WFW advises Banco Santander on US$77.1m K-SURE loan facility for Evergreen
The financing, which has a tenor of ten years, represents the first K-SURE-supported financing for Evergreen group.
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WFW advises Macquarie Bank on first of its kind shipping loan/lease securitisation for Fleetscape
Securitisation principles and certain structuring efficiencies were utilised to enable Fleetscape to offer sale-and-leaseback or unitranche financing on highly competitive terms.
WFW advises Banco BPM on €28m facility to Grimaldi Euromed
The new unit “Grande Texas” was delivered on 26 January 2021 and is the sixth of seven car carriers ordered by Grimaldi Euromed from the Yangfan shipyard in Zhoushan, China.
WFW Italy wins Milano Finanza Transport Law Firm and Lawyer of the Year double
The firm was awarded ‘Law Firm of the Year 2021’ in the Transport sector while Partner Furio Samela was also named ‘Lawyer of the Year 2021 – Transport’.
WFW advises CaixaBank on €35m Grimaldi Euromed financing
The Eco Barcelona is the second unit of the Grimaldi Green 5th Generation (GG5G) class and can transport over 7,800m of rolling goods, equivalent to circa 500 trailers.
Sanctions again – and also penalties
This article examines the case of Banco San Juan Internacional, Inc v Petroleos De Venezuela SA. where the effect of sanctions on obligations under a loan agreement and the doctrine of unenforceable penalty were discussed.
WFW advises lenders on US$155m Tangguh LNG carrier refinancing
Both LNG Carriers Tangguh Batur and Tangguh Towuti have been recognised by the Maritime and Port Authority of Singapore’s Green Ship Programme for attaining Energy Efficiency Design Index certification.
WFW advises Nordea on Euronav US$713m loan facility
The first drawdown refinanced indebtedness in relation to nine VLCCs and three Suezmaxes and security included Belgian, Greek and French mortgages over these ships.
Ship Finance and COVID-19
This briefing will discuss the potential effect of the COVID-19 crisis on borrowers and lenders and their English law loan facilities.
Issues in ship leasing transactions
This article looks at ways in which a lease can in some respects be potentially more favourable to a creditor who is also a lessor as compared with the position of a secured lender.
