As the only international firm to have its global head of aviation, Paul Ng, located in Singapore, Stephenson Harwood has established itself as a key player in this sector. Among a number of highlights this year, Ng together with partner Matthew Gorman ...
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As the only international firm to have its global head of aviation, Paul Ng, located in Singapore, Stephenson Harwood has established itself as a key player in this sector. Among a number of highlights this year, Ng together with partner Matthew Gorman led a team of advisers to Tiger Airways on its joint venture with Thai Airways and Ryanasia to establish a low cost carrier flying routes within and to and from Thailand. This complex deal involved a number of challenges and requirements from the Thai Transport Ministry and competition authorities.
In shipping, the firm benefits from a combined strength in ship finance and ship litigation. Peers particularly note the firm’s admiralty, dry litigation, and offshore capabilities.
This year, partner Iain Young led a team assisting DVB Group Merchant Bank (Asia) on financing the acquisition of a secondhand bulk carrier. This was the first acquisition of a vessel, employed under an existing charter with a major Korean owner, by an SPC incorporated by a new Korean finance fund with senior debt provided by DVB and junior debt provided through a participating bond agreement.
Clients speak highly of partner Gregg Johnston. With over eights years experience in the market, he has built a strong following among many major ship finance clients, including DVB, HSH Nordbank, Nordea, ICON and STX Pan Ocean.
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