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Stephenson Harwood

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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

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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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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