Next Generation Partners: Aviation Finance

Next Generation Partners: Shipping Finance

Leading Associates: Shipping Finance

Asset finance (including aviation and shipping finance) in Hong Kong

Baker McKenzie

Baker McKenzie regularly advises lessors and lenders on aviation finance mandates, and is commended for ‘its expensive experience acting for a broad range of clients across multiple jurisdictions in the aviation market’. Andrew Lockhart leads the team and counts major airlines among his key roster of clients, frequently assisting clients in the aviation sector with structuring their assets. Allen Ng is also noted for his expertise in aviation leasing and financing matters, in addition to advising on aircraft transactions. Jane Wang is another key contact in the group.

Responsables de la pratique:

Andrew Lockhart


Autres avocats clés:

Allen Ng; Jane Wang


Les références

The team are highly efficient and hard working. They are able to work on transactions within a tight schedule and deliver a high standard performance.’

‘Allen Ng has extensive knowledge and experiences working in the aviation sector. He is always attentive to transaction details and also responsive to customer needs.’

‘The team is known for its expensive experience acting for a broad range of clients across multiple jurisdictions in the aviation market.’

Principaux clients

Shui On Land Limited


Principaux dossiers


  • Advised Shui On Land Limited on the sale of its 65% interest in a project company holding a commercial and office development in Shanghai known as “Hong Shou Fang”, one of the major assets developed by Shui On Land in Shanghai, to an RMB private fund.

Clifford Chance

Showcasing stellar expertise in aviation finance, the cross-practice at Clifford Chance acts for major PRC lessors and financial institutions active in the aircraft finance market, in addition to leasing companies, capital providers and other investors, and maintains a strong track record in big-ticket, cross-border transactions. ‘Knowledgeable, trustworthy and reliable’ team leader Paul Greenwell is a key point of contact for clients in the Japanese and Chinese aviation sectors, while Hetty Lam has experience in handling cross-border leasing and financing deals. Jeffrey Ip is another key contact in the group.

Responsables de la pratique:

Paul Greenwell


Autres avocats clés:

Jeffrey Ip; Hetty Lam; Jeffrey Ip; Jonathon Leung


Les références

‘Clifford Chance is great at providing one stop services. The collaborations between different offices and teams enable Clifford Chance to provide seamless advice to clients in respect of all sorts of matters.’

‘Paul Greenwell is very knowledgeable, trustworthy and reliable. Jeffrey Ip is very responsive and he reacts quickly to changing circumstances in a transaction Beatrice Chu has great attention to detail.’

Principaux clients

AerCap Ireland Limited


AerDragon Aviation Partners Limited


Air Lease Corporation


AMCK Aviation


Avolon Aerospace Leasing Limited


Banc of America Leasing Ireland Co., Limited


China Construction Bank


China International Marine Containers (Group) Co., Ltd


CK Asset Holdings


High Ridge Aviation


Principaux dossiers


  • Advised various major international operating lessors, creditors and financial institutions on contingency planning and strategic advice in relation to their exposure to Hong Kong Airlines, as well as their rights and remedies under the UK restructuring plan and Hong Kong scheme of arrangement.
  • Advised Avolon on their debt-to-equity swap transaction with the HNA group in respect of their 41 aircraft on lease to the HNA group.
  • Acting for various major international and PRC operating lessors, creditors and financial institutions to various Russian airlines as English law and US law transaction counsel in relation to various major international and PRC operating lessors in connection with their exposure to Russian airlines and counterparties (including, but without limitation to, Aeroflot) as a result of the imposition of US, EU and UK sanctions and export controls.

Clyde & Co LLP

Sitting within the firm’s wider banking and finance group, the aviation practice at Clyde & Co LLP handles a range of aircraft finance matters, refinancings and leasing issues, in addition to sale and purchase transactions. ‘Attentive to detail and commercially oriented’, Stuart Miller is noted for his expertise in mandates concerning private jets, and jointly leads the team alongside Fei Kwok, who acts for China-based clients looking to invest in the aviation industry in the PRC.

Responsables de la pratique:

Stuart Miller; Fei Kwok


Les références

‘Engaged and always endeavour to understand the client’s needs, to tailor bespoke advice.’

‘Very pleasant, helpful and fast in responses.’

‘Stuart Miller is attentive to detail and commercially oriented.’

CMS

Counting banks, lessors, shipowners, operators, port and terminal operators among its key roster of clients, CMS Hong Kong LLP advises on traditional and offshore shipping finance mandates, with additional expertise in aircraft and aircraft engine financing and leasing issues. Tim Elliott has ‘extensive experience’ in debt and leasing transactions, with a particular focus on offshore oil and gas shipping, and jointly leads the team alongside Conor Warde, who acts for lenders, lessors, investors, and corporate clients in maritime transactions.

Responsables de la pratique:

Tim Elliott, Conor Warde


Autres avocats clés:

Vivian Zou; Keith Wilson


Les références

‘With rich experience in aircraft and ship financing and leasing matters, the team are meticulous and conscientious in their work and are able to provide a variety of flexible solutions.’

‘Tim Elliott has extensive experience in litigation and advisory work.’

‘The shipping team is efficient and trustworthy.’

Principaux clients

Bumi Armada Berhad


BW Energy Limited


CCB Asia


CCB Financial Leasing Corporation Limited


China Aircraft Leasing Group Holdings Limited


CMB Financial Leasing


Equinor UK Limited


GE Energy Financial Services


ICBC Financial Leasing


Jiangsu Financial Leasing Co., Ltd


Jiangsu Ocean Shipping Co., Ltd


Minsheng Financial Leasing Co. Ltd


Seaspan Corp


Shandong Huachen Financial Leasing Co., LTD


Principaux dossiers


  • Representing a Chinese financial leasing company in the lease financing of two gas carriers for a Danish shipowner group on complex financial lease arrangements, including the exiting of existing financiers and the exercising of purchase options.
  • Representing a Chinese financial leasing company in the lease financing of two Liberian-flagged LPG tankers for a joint venture between a United Arab Emirates shipping group and an Indonesian shipping group.
  • Representing a Chinese financial leasing company in a 2 VLOCs buy-back transaction.

HFW

Counting airlines and lessors operating in Greater China among its key roster of clients, HFW’s workload includes aircraft trading, leasing, financing and large-scale aircraft projects. Aviation finance expert Justin Sun jointly leads the team alongside Patrick Cheung, who has considerable experience advising banks, leasing companies, owners and charterers on shipping finance matters and related advisory issues. Whitney Chan handles mandates concerning aircraft financing, leasing and trading for commercial aircraft and private jets.

Responsables de la pratique:

Justin Sun; Patrick Cheung


Autres avocats clés:

Whitney Chan


Les références

‘Whitney Chan is commercially well-rounded.’

‘The team provides legal services related to the aviation sector, covering the entire process of the industry, from aircraft procurement, asset package transactions to leasing, financing, disposal, and dispute resolution.’

‘Justin Sun has a deep understanding of the market and business. He can propose practical, efficient and feasible solutions from a legal perspective.’

Principaux clients

ICBC Financial Leasing Co., Ltd.


Bank of Communications Financial Leasing Co. Ltd


ABC Financial Leasing


SPDB Financial Leasing Co. Ltd


Airport Hongyuan Logistics Co., Limited


Fly Meta Leasing Co., Ltd


The Export-Import Bank of China


CCB Financial Leasing Co., Ltd


Principaux dossiers


  • Advised AerCap on the leasing agreement for a significant deal involving the lease of four Boeing B777 aircraft to Fly Meta, an air cargo charter company.

Hill Dickinson Hong Kong

Bolstered by the arrivals of practice leaders Gary Wong and Janice Lee from Ince & Co in November 2023, Hill Dickinson Hong Kong houses a robust shipping finance practice, and counts owners, banks, operators, leasing companies, ship managers and government bodies among its key roster of clients. Lee handles ship and aviation finance matters, with demonstrable experience in structured financing, particularly in sale and lease back transactions, while Wong focuses on ship sale and purchase and ship finance mandates.

Responsables de la pratique:

Janice Lee; Gary Wong


King & Wood Mallesons

Well placed to ‘handle complex projects involving English law, New York law and Chinese law’, King & Wood Mallesons acts for manufacturers, arrangers, lessors, financiers and airlines, including flag carriers, on the full range of aviation financial product offerings. Katherine Ke spearheads the offering in Hong Kong and represents lessors and financiers in the leasing and financing of commercial aircraft and business jets, in addition to handling portfolio purchases and sales, purchase orders and commercial agreements with original equipment manufacturers (OEMs).

Responsables de la pratique:

Katherine Ke; Ma Feng; Wang Ling


Les références

‘The team provides aircraft and ship leasing and financing legal services. It can also draw on the team strength of King & Wood Mallesons Beijing office to handle complex projects involving English law, New York law and Chinese law.’

‘Katherine Ke, who speaks both Chinese and English, has a deep understanding of the business concepts in the field of aircraft leasing and financing and has extensive experience in this field. She is able to provide clients with efficient and professional legal services.’

‘An international and comprehensive team which can coordinate and arrange professional, experienced and capable teams to work together regardless of the jurisdiction of the business. Provides clients with comprehensive legal advice.’

Principaux clients

HNA Aviation Group Co., Ltd.


Mayer Brown

Praised for its ‘exceptional knowledge of the aviation sector’Mayer Brown acts for major airlines and financiers in Asia on a range of mandates, from commercial aircraft and corporate jet financing to aircraft trading, with additional experience advising ship finance banks, lessors and insurance companies, shipowners, shipbuilders, charterers, pool operators and ship managers on the gamut of shipping finance matters. Richard Stock oversees the aviation finance group and advises on secured debt financings, as well as lease, finance lease and tax-driven lease issues. Evelyn Lok, who stands out for her expertise in aviation finance transactions, is another key contact in the group.

Responsables de la pratique:

Richard Stock


Autres avocats clés:

Evelyn Lok; Ashley Wong


Les références

‘Mayer Brown in Hong Kong has exceptional knowledge of the aviation sector. Their documentation is extremely clear, comprehensive, well coordinated with the contribution from local counsels and useful in case any of any difficulty.’

Principaux dossiers


  • Advised China Light and Power on an offshore LNG terminal project.
  • Acted in the enforcement of ship mortgages and the recovery of funds from the collapse of Genting Cruises incident.

Norton Rose Fulbright

Counting domestic and and international leasing companies, banks, shipowners and sponsors among its key roster of clients, Norton Rose Fulbright advises on cross-border ship financing mandates, from finance and operating leases, pre-delivery and post delivery financing to refinancing. Becky Tai leads the team and advises on maritime and offshore structured financing transactions across a variety of asset types, including LNG carriers, cruise ships and high-specification drilling rigs.

Responsables de la pratique:

Becky Tai


Principaux clients

Bank of Communications Financial Leasing Co., Ltd


China Development Bank Financial Leasing Co., Ltd


China LNG Shipping Holdings Limited


China Merchants Financing Leasing (Hong Kong) Holding Co. Limited


CIMC Financial Leasing (Hong Kong) Ltd.


CITIC Financial Leasing Co., Ltd


CMB Financial Leasing Co., Ltd.


Florens Asset Management Company Limited


HSBC


ICBC Financial Leasing Co., Ltd


Principaux dossiers


  • Advised a Chinese leasing company on the construction and chartering of a series of large multi-purpose wood pulp carrier new buildings.
  • Acted for the Bank of Communications Financial Leasing Co. in relation to a lease agreement for 3 new LNG carriers to be operated by a joint venture company.

Reed Smith Richards Butler LLP

Reed Smith Richards Butler LLP regularly works closely with the firm's other office, and handles a steady flow of offshore and LNG matters. The team excels in managing secured and unsecured syndicated and bilateral ship finance, export credit-supported financing, and lease financing. A key area of work for the team is working on the financing of LNG carriers, and its wider client base also includes numerous regional shipowners. As well as shipbuilding projects, practice head Peter Lee specialises in the financings of ships and offshore oil and gas projects, and counting banks, financial institutions, leasing companies, shipowneres, project companies and investors as his main clients. Tat Pan departed in April 2024.

Responsables de la pratique:

Peter Lee


Autres avocats clés:

Lianjun Li


Stephenson Harwood

Counting Chinese and international banks and financial institutions, aircraft managers, leasing companies and airlines in Asia and the Middle East among its key roster of clients, Stephenson Harwood advises on the financing, leasing and trading of commercial aircraft and business jets. The firm also maintains a stellar track record in shipping finance, acting for international banks and major finance leasing companies on cross-border mandates. Simon Wong, who is praised for his ‘rich industry experience and superb negotiation skills’, jointly leads the practice alongside Hongkai Zhou, and Elton Chan. Zhou focuses on the financing and leasing of ships and offshore installations, while Chan handles structural finance matters. Simone Liu has experience in work concerning shipbuilding assistance, transactions and ship finance, while Louis Ng is a go-to lawyer for commercial aircraft and business jets seeking aviation finance advice.

Responsables de la pratique:

Simon Wong; Hongkai Zhou; Elton Chan


Autres avocats clés:

Simone Liu; Louis Ng; Raina Xian


Les références

‘The team consists of partners and senior lawyers who are deeply involved in the project and work very patiently and meticulously.’

‘Simon Wong has rich industry experience and superb negotiation skills, and is able to strive for better commercial and legal interests for clients when handling projects.’

Principaux dossiers


  • Advised various major international operating lessors, creditors and financial institutions on contingency planning and strategic advice in relation to their exposure to Hong Kong Airlines, as well as their rights and remedies under the UK restructuring plan and Hong Kong scheme of arrangement.

Tiang & Partners

Tiang & Partners‘ asset and aviation finance group is called upon by regional and international financiers looking to undertake inbound China transactions, in addition to assisting Chinese lessors and financiers on outbound China deals, and showcases demonstrable expertise in lease financing and restructuring mandates. Tejaswi Nimmagadda, who advises on a broad range of aircraft financing and leasing matters, jointly leads the team alongside Michelle Taylor, who also spearheads the firm’s wider banking and finance group. Nai Kwok is another key contact in the group.

Responsables de la pratique:

Tejaswi Nimmagadda; Michelle Taylor


Autres avocats clés:

Nai Kwok


Les références

‘Tejaswi Nimmagadda, who leads the Tiang & Partners asset finance team, is extremely commercial and proactive. He not only thinks outside of the box in relation to legal structuring and problem-solving but also has the ability to identify potential commercial opportunities for his clients. Tejaswi is ably supported by Nai Kwok.’

‘Tejaswi Nimmagadda is technically excellent.’

Principaux clients

SkyCo International Financial Leasing


China Everbright Bank


Anisos Group


L’Voyage


Hong Kong Airlines


MUFG Bank


AerDragon


China Huarong Financial Leasing


Shannon Engine Support


XAAMG


Principaux dossiers


  • Assisting Hong Kong Airlines and thereby its investor Liaoning Fangda Group with the entire financial and liability restructuring, government engagement, fleet management/re-sizing, route optimisation, stakeholder and creditor engagement.
  • Acted for AerDragon on a LIBOR transition of all outstanding floating rate loans relating to an entire fleet of around 30 aircrafts.
  • Assisting Anisos Capital Group with structuring and executing an aviation fund structure, using the incredible depth of equity capital raising ability in Hong Kong, from professional investors and family offices.

Watson Farley & Williams

Watson Farley & Williams handles a range of asset finance and leasing matters, including asset and project finance, structured lending, leasing, and commercial aviation transactions, in addition to advising creditors in major airline restructurings, while maintaining a standout maritime practice. Jim BellCharles ViggersGeorge Macheras, and Christoforos Bisbikos collectively lead the group, and Jackson Chow is lauded for his negotiation skills, often working on cross-border financing and leasing mandates, while Madeline Leong maintains a market-leading reputation in shipping finance. Guan Jian, who regularly deals with international shipping and offshore financing transactions, is another key contact in the group.

Responsables de la pratique:

Jim Bell; Charles Viggers; George Macheras; Christoforos Bisbikos


Autres avocats clés:

Madeline Leong; Valerie Lee; Dora Ying; Jackson Chow; Guan Jian


Les références

‘Jackson Chow is very familiar with the business demands and management characteristics of clients in the Asia-Pacific region, has excellent communication skills, and extensive experience in working with local lawyers in various Asia-Pacific countries.’

‘The team is one the most experienced teams in the region.’

‘Madeline Leong, Christoforos Bisbikos, Valerie Lee, and Dora Ying are partners who have provided excellent service in financing deals with quick turnaround time no matter the time zone.’

Principaux clients

Pacific Basin


BNP Paribas, Hong Kong


CACIB, Hong Kong


Evergreen Group


Wah Kwong Group


Huayang Maritime Center


Seacon


CIB Leasing


BOC Leasing


ICBC Financial Leasing Co., Ltd.


China Merchants Commerce Financial Leasing Co., Ltd


CMB Financial Leasing Co., Ltd.


CCB Financial Leasing Co., Ltd.


CITIC Financial Leasing Co., Ltd.


Jiangsu Financial Leasing Co., Ltd.


SPDB Financial Leasing Co., Ltd.


Bank of Communications Financial Leasing Co., Ltd.


CSSC (Hong Kong) Shipping Company Limited


Guangzhou Shipping Exchange


CZB Financial Leasing Co., Ltd


Minsheng Financial Leasing Co., Ltd.


Huaxia Financial Leasing Co., Ltd.


CDB Aviation Lease Finance


CALC


China Southern Airlines


Withers

Withers stands out for its expertise in private aviation, acting as a go-to for ultra-high-net-worth individuals and private aircraft owners. Luca Denora handles matters concerning commercial airlines and business jets, as well as acting for aircraft operators and leasing companies on contractual mandates. Paul Jebely departed in September 2024.

Autres avocats clés:

Luca Denora