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Olga Petrovic

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Linklaters Business Services

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Olga is Head of the firm’s Asset Finance practice and co-head of the Transportation sector group. She has extensive experience in transactions involving a range of aviation and maritime assets, including loan and lease financings, ECA-backed debt, asset and corporate acquisitions and joint ventures, and restructuring and enforcement.

Olga also advises on loan portfolio transactions, general banking and borrowing base / asset based lending transactions.

Work highlights:

Olga has experience in a wide range of asset finance and loan portfolio transactions. These include advising:

Asset finance - Maritime:

  • CSAV, the leading Latin American shipping company, on its container shipping combination with Hapag Lloyd AG, including a restructuring of CSAV’s fleet financings
  • Centerbridge Partners, the U.S. private investment firm, on a container shipping joint venture with a European shipping company
  • the senior lenders’ co-ordinating committee on the restructuring of Zim, the Israeli container shipping company
  • Jefferies Capital Partners on the acquisition of two liquefied petroleum gas operators and their merger into EP Gas, including the refinancing of their combined fleet of 22 vessels

  • Marubeni Corporation on the acquisition of Seajacks International and the refinancing of its shipping fleet financings

  • Citibank on the financing of several oil tankers to a distressed Middle Eastern carrier, including restructuring work and a successful claim under an Asian ECA policy

Asset finance - Aviation:

  • VistaJet, the business jet airline, on a number of aircraft financings provided with different financing institutions, its US$300m high yield bond issue and its corporate re-organisation
  • UBS on the separate financings of a portfolio of over 80 corporate jets across a number of jurisdictions and using a range of structures
  • Fortress on the acquisition of a portfolio of aircraft on lease to Qantas
  • Dubai Aerospace on the sale and lease back and financing of a fleet of 10 A330 aircraft
  • Oman Air on European ECA financings in respect of five airbus A330-300 aircraft


Loan portfolio transactions:

  • Sumitomo Mitsui Banking Corporation on the US$2.2bn acquisition of GE’s European leveraged loan portfolio
  • Lloyds Bank on the disposal of two project finance loan portfolios
  • PNC Bank on its European market entry acquisition of the asset based lending portfolio of KBC Bank

  • RBS on the UK government’s Asset Protection Scheme, involving assets with an aggregate nominal value in excess of £300bn


Intern clerk to Hon James R Cavanaugh, Superior Court of Pennsylvania 1995; summer associate White & Case, New York 1995; US associate Linklaters, New York 1998-2000; London 2000-02; managing associate 2002-06; partner 2006 to date.


Olga speaks English, Serbian, French and Spanish.


Olga was co-contributor to the Shipping Finance Review 2014/2015 (Euromoney Yearbooks) on the “Evolving legal and documentary trends in shipping finance”.


Olga studied law at the University of Pennsylvania. Member of the New York Bar (non-practising).


London: Finance

Asset finance and leasing

Within: Asset finance and leasing

Housed within the firm’s global banking group, Linklaters LLP 's asset finance team effectively services the firm's broader banking and funds clients, in particular, on transactions within the transportation sector. As well as being able to tap into the finance expertise of practitioners across the globe on multi-jurisdictional matters, the team also often works in collaboration with lawyers from other complementary practice areas including restructuring, capital markets and private equity. Team head Olga Petrovic is working alongside restructuring colleagues out of New York on the representation of Credit Agricole Corporate & Investment Bank as senior secured lender, in relation to the ongoing Chapter 11 proceedings of Greek-owned shipping company Toisa. Petrovic also recently acted for the European Investment Bank on its first financing implementing its innovative “green shipping” credit support product (a product which the firm helped to establish). Counsel Andrew Penfold is also a key member of the team and has a particular focus on the development and financing of offshore oil and gas assets, including production vessels. On the aviation front, as well as continuing to regularly advise on corporate and business jet financings, the firm is also picking up an increased flow of work in the commercial sector.

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