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Addleshaw Goddard

EXCHANGE TOWER, 19 CANNING STREET, EDINBURGH, EH3 8EH, SCOTLAND
Tel:
Work 0131 228 2400
Fax:
Fax 0131 222 9800
DX:
ED27 EDINBURGH
Email:
Web:
www.addleshawgoddard.com

Alan Shanks

Tel:
Work 0131 222 9805
Email:
Addleshaw Goddard

Work Department

Energy, shipping and infrastructure.

Position

Alan is head of the Finance and Projects division in Scotland. He is a banking partner specialising in advising clients on financing in the energy sector, including oilfield services, renewable energy, shipping and related services. Alan acts for a number of major companies and financial institutions in the UK and internationally, with particular experience in MENA and Caspian transactions. Alan was a central figure in the establishment of the firm’s Aberdeen office. He previously led HBJ Gateley's Dubai office.

Career

Trained HBJ Gateley; qualified in Scotland and is also qualified in England and Wales 2000; solicitor HBJ Gateley 2000-02, associate 2002-05, partner 2005 to date, head of Dubai office 2009, head of energy 2010 to 2013; head of energy, shipping and infrastructure 2013 to 2016; head of banking in 2016.  Alan played a central role in the merger between HBJ Gateley and Addleshaw Goddard, taking a seat on the Finance and Projects divisional board in June 2017 as well as heading this team in Scotland.

Languages

French.

Member

Law Society of Scotland.

Education

Edinburgh Academy; University of Aberdeen and L’Université Pierre Mendes France, Grenoble, France (1998 LLB Hons with options in French Law).


Scotland

Transport

Within: Transport

Following its merger with HBJ Gately in June 2017, Addleshaw Goddard¬†has a pre-eminent shipping team in Scotland, handling wet and dry mandates at a national and international level. It is particularly noted for international transactional shipping advice and ship finance work, but it also provides a full-service dispute resolution offering, including extensive experience in London arbitrations. The ‚Äėhugely impressive‚Äô Ed Watt¬†leads the practice and has ‚Äėan incredible knowledge of maritime law‚Äô. Watt is advising Caledonian Maritime Assets, a company wholly owned by the Scottish government, as the buyer in connection with building and refinancing of two passenger ferries under construction by Ferguson Marine Engineering. Ship finance work is led by Alan Shanks, whose background and experience in the Middle East and Caspian shipping sectors are a huge asset to the team. Catriona Smith¬†acts primarily for lenders in ship finance transactions, with niche expertise in shari‚Äôah law. The group handled the due diligence for a major US law firm in relation to a proposed $200m investment into a global cruise line. It also acted as English and Scottish counsel to Topaz Energy and Marine in connection with its successful $375m high yield bond issue.

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Scotland: Finance

Banking and finance

Within: Banking and finance

Addleshaw Goddard, which launched in Scotland by merging with HBJ Gateley in 2017, has an experienced team that demonstrates 'a high level of commerciality when reviewing transactions'. Further, 'it can provide considered advice through a bank or borrower lens, allowing good decisions to be made'; clients include Royal Bank of Scotland, Clydesdale Bank, Santander, HSBC, Robertson Group and Topaz Energy & Marine. It also acts for non-bank funders, such as Route Finance and Shawbrook Bank. The team is led by Alan Shanks, who has vast experience of acquisition finance transactions in the renewable energy, oilfield services and shipping sectors. In 2017, Shanks was the lead adviser to Business Growth Fund on a £56m co-investment with Blue Water Energy into ROVOP; the purpose of the financing was to enable ROVOP to expand its fleet of remotely-operated vehicles. Euan Cluness handles acquisition and leveraged finance transactions, and he also has notable experience of asset-based lending, particularly in the whisky industry. Cluness acted for for PNC Business Credit and the Bank of Scotland in their £80m asset-based lending facility to independent distiller Ian Macleod Distillers. Alex Innes, who is dual-qualified in English and Scottish law, is recommended for his real estate finance expertise. Tom Speirs, Catriona Smith and managing associate Peter Smartt are other key figures.

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Scotland: Projects, energy and natural resources

Energy (excluding oil and gas)

Within: Energy (excluding oil and gas)

Having merged with HBJ Gateley in 2017, Addleshaw Goddard now has a team in Scotland, whose work in the energy and utilities sector complements the work undertaken by the London and Leeds offices. The firm acts for a multitude of market participants in the industry, including developers, corporate clients, financial institutions and private equity funds. Paul Minto, Aileen McCallum, Alison Horner, Andrew Fairlie and Alan Shanks advised Berwickshire Community Renewables LLP (a joint venture between Berwickshire Housing Association and Community Energy Scotland) on the groundbreaking development of a three turbine wind farm in the Scottish Borders for the purpose of funding the building of affordable housing in the region. Minto, managing associate Calum Fisher (who assists emerging electricity trading companies with commercial contracts issues) and Leeds-based Paul Dight are advising Flexitricity on transforming its business into becoming a licensed electricity and gas supplier, which is designed to transform the trading of electricity capacity in the UK. Corporate partner Murray Jack has recently acted for clients such as Greenpower International and Recyclate Supply.

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