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Stephenson Harwood

Living Wage
1 FINSBURY CIRCUS, LONDON, EC2M 7SH, ENGLAND
Tel:
Work 020 7329 4422
Fax:
Fax 020 7329 7100
DX:
64 LONDON CHANCERY LANE WC2
Email:
Web:
www.shlegal.com
Beijing, Dubai, Hong Kong, London, Paris, Piraeus and 4 more

Graeme McLellan

Tel:
Work 020 7809 2618
Email:
Stephenson Harwood

Work Department

Finance.

Position

An asset finance expert with a particular focus on the rolling stock and aircraft sectors, Graeme is well known for using his broad experience of complex, cross-border transactions to develop innovative structures. Clients value his highly commercial and pragmatic approach. Graeme heads the firm's award-winning and market-leading Rail team.  

Graeme has broad experience of portfolio acquisitions and disposals, complex loan financings, Islamic financings, operating and finance leasing and structured tax leasing transactions. He advises major lenders, investors, lessors and operators around the world on financing structures involving aircraft, rolling stock, and other moveable equipment.

His skills are applied in advising clients on the development of new structures and the successful delivery of initial proof of concept transactions.
In the rail sector, Graeme advises on transactions internationally, including many new entrants to the market. He has been involved in the UK rail sector since privatisation and advised on many major rolling stock transactions, often applying his aircraft finance expertise and UK rolling stock experience to the development of innovative solutions. 

Graeme is a renowned aircraft finance specialist in the commercial aircraft and corporate / private jet sectors. He advises on a broad range of transaction structures, including lessor financings and Islamic financings.    


London: Finance

Asset finance and leasing

Within: Asset finance and leasing

While it remains best-known for its 'strong ship finance offering', where it acts on behalf of lenders and operators, Stephenson Harwood also continues to gain traction in the rail market and is instructed by a varied array of clients including franchise owning groups (Abellio East Anglia, Arriva Trains Wales) as well as traditional and new entrant financiers (Macquarie, Rock and Infracapital). Lisa Marks recently advised Corelink Rail Infrastructure on the financing to facilitate West Midlands Trains' purchase of over 100 new trains from Bombardier Transportation and Construcciones Y Auxiliar De Ferrocarriles SA as part of the planned upgrade for the West Midlands rail franchise. On the shipping front, the 'very talented' Ian Mace is gaining a reputation as a 'rising force' in the sector and heads a team that also includes the 'astute and technically strong' Jonathan Ward and the 'very experienced and knowledgeable' Mark Russell. Senior associate Sheila Obhrai has strong ties with numerous lenders including KfW IPEX, which she recently advised on two euro term loan facilities made available to a prominent cruise company to finance the construction in Germany and Finland of two newbuild cruise ships. Richard Parsons heads up the firm's aviation finance offering and, as well as developing a strong track record for handling aircraft portfolio acquisitions and disposals, generates a significant amount of work from asset management entities that are increasingly active in the sector as well as traditional finance providers including DVB Bank and BNP Paribas. Rail finance head Graeme McLellan is also recommended.

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London: Transport

Rail

Within: Leading individuals

Graeme McLellan - Stephenson Harwood

Within: Rail

Stephenson Harwood‚Äôs ‚Äėexperienced‚Äô department is active across franchising, rolling stock and infrastructure mandates and is noted for its experience in high-profile rail projects. The team continues to advise Abellio East Anglia Franchise on the implementation of its franchise agreement commitments and related strategic issues; is advising CAF on the manufacture and supply of rolling stock to the Caledonian Sleeper Franchise, the Northern Rail franchise, the TransPennine Express franchise and the West Midlands franchise; and advises TfL and Rail for London (Infrastructure) on a range of matters relating to Crossrail. The team also advised Lloyds Bank and RBS on the sale of a fleet of passenger train rolling stock to Beacon Rail Leasing. Trenitalia c2c, Corelink Rail Infrastructure and Arriva UK Trains are also clients. Global head of rail Graeme McLellan¬†is noted for his asset finance expertise, and the ‚Äėexceptional‚Äô Tammy Samuel¬†is experienced in franchising and concessions work. Other key figures include¬†Suzanne Tarplee, who is active across franchising, rolling stock and rail regulation; asset finance specialist Lisa Marks; projects partner Graeme Barton; senior associate Darren Fodey; and disputes partners Paul Thwaite¬†and Ron Nobbs.

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Legal Developments by:
Stephenson Harwood

  • Companies should plan now to minimise their pension protection levy

    The amount that pension schemes have to pay to the Pension Protection Fund (PPF) for the year 2006/07 may have increased by as much as five times the previous year's levy. Employers who ultimately bear the cost of many pension schemes will need to make plans now to ensure the levy payable for the year 2008/09 is kept to a minimum.
    - Stephenson Harwood

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