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Stephenson Harwood

Living Wage
Work 020 7329 4422
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Beijing, Dubai, Hong Kong, London, Paris, Piraeus and 4 more

Ian Mace

Work 020 7809 2653
Stephenson Harwood

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Ian is an expert in the asset finance sector, specialising in ship, offshore and superyacht finance. He has broad experience of various financing transactions, from conventional debt, private equity and Islamic finance to leasing and restructuring. Ian provides quality advice in a commercial context with exceptional levels of service. 

Ian has a wealth of experience in complex financing structures, including export credit backed new building financings, financing of receivables pursuant to pool agreement, seller's credit transactions, Islamic financings and sale and lease back transactions. He has also led teams involved in the disposal and acquisition of loan portfolios for a number of high profile financial institutions.

Ian acts for a mixture of financial institutions, ship-owners and operators, joint ventures, funds, private equity groups and shipbuilders in a broad variety of transaction types, which allows him to anticipate the issues that his counterparts will raise and enable him to offer commercial solutions.

Ian has been involved in the restructuring of a number of high profile financings in varying stages of distress, and has also advised in respect of a number of transactions that have involved enforcement action including the arrest and auction of vessels in a number of jurisdictions.

Highly regarded by his clients, Ian is commended for being sharp, quick on his feet, well prepared and able to argue any case clearly and convincingly. He has also contributed to the fourth edition of the leading ship finance industry handbook, Shipping Finance.

London: Finance

Asset finance and leasing

Within: Asset finance and leasing

Although it is active across all transportation classes, the β€˜very dedicated’ team at Stephenson Harwood is best known for its β€˜powerhouse ship finance’ offering, which acts for banks and operators on both new money deals as well as restructurings. β€˜Market leader’ Mark Russell recently advised Nordea Bank Norge, as agent, on a $895m syndicated financing of a 36-tanker fleet. The β€˜experienced’ Jonathan Ward is particularly skilled at handling cross-border shipping mandates in Europe and the Far East; he recently advised the Export-Import Bank of China on the $2bn loan facility to allow state-owned Brazilian company Petrobas to pre-finance resources needed for 2017 and diversify its sources of finance. Global head of ship finance Ian Mace has recently handled numerous matters for ABN Amro, including advising it on a facility that includes a hunting licence secured against a fleet of existing vessels. Head of the aviation finance practice Richard Parsons is praised for his β€˜ability to succinctly explain complex issues’, particularly pertaining to operating lessor financings. In addition, Parsons has been active on aircraft portfolio acquisitions and disposals including advising a leading operating lessor on the disposal of a portfolio of 37 aircraft and the servicer of that portfolio on ongoing portfolio administration. The β€˜very commercial and thorough’ Graeme McLellan leads on the rail finance front, and is assisted by Lisa Marks, who also handles general leasing work for banks and other financial institutions. Other clients include Macquarie Bank, Flybe, Abellio East Anglia and Arriva Trains Wales. The firm joined by experienced ship finance partner Dean Norton from Clyde & Co LLP in May 2017.

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