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Living Wage
Work 020 7264 8000
Fax 020 7264 8888
Abu Dhabi, Beirut, Brussels, Dubai, Geneva, Hong Kong and 10 more

Tony Rice

Work 020 7264 8315

Work Department

Ship finance.


Tony has over 25 years' experience in specialised shipping and offshore finance transactions (both debt and equity) in London, Greece and Hong Kong. He has represented banks and other financial institutions, insurance companies, equity investors, Islamic funds and IFIs, PEs and other investment funds, ECAs, owners, operators and shipyards. Tony's work is principally in the area of complex structured cross-border transactions though he also provides corporate and commercial shipping advice. He has been involved in some high-profile restructurings and work-outs and more recently has represented US and other PE investment funds in the acquisition of NPL portfolios from shipping banks.

London: Finance

Asset finance and leasing

Within: Asset finance and leasing

Leveraging the firm‚Äôs longstanding maritime sector focus,¬†HFW¬†has a strong offering out of London on behalf of banks and shipowners, in particular. The 'excellent'¬†Tony Rice¬†is regularly involved in the most significant matters handled by the team including his recent advice to the banks including HSBC on the¬†‚ā¨295m loan to a subsidiary of Saga plc to assist in financing the acquisition of a passenger cruise vessel. Rice also acted for Eships on a $30m¬† Shari'ah compliant financing of two Korean built Medium Range product tankers. Adam Shire¬†is also a key practitioner within the team and recently represented Investec Bank restructuring of a fleet financing of six offshore support vessels. Jay Tooker¬†specialises in yacht and super yacht financings and is also a key member of the firm's transactional shipping team that also includes Elinor Dautlich. Although the firm's aviation finance capability is better known out of the firm's Asian offices, including Singapore and Hong Kong, the London team handles a significant volume of corporate and private jet financing work where Shire and senior associate¬†Barbara Pansadoro¬†are key contacts. Other clients include DVB Bank, Nordea Bank and Turkish Airlines.

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