Adrian Joyce > Nishimura & Asahi > Tokyo, Japan > Lawyer Profile

Nishimura & Asahi
OTEMON TOWER, 1-1-2 OTEMACHI
CHIYODA-KU
TOKYO 100-8124
Japan

Work Department

Asset Finance, Project Finance, Energy, Oil and Gas, Renewables, Infrastructure/PPP, Cross-border Financial Transactions, Cross-border Restructuring, Acquisition Finance, Real Estate Finance.

Position

Partner, Nishimura & Asahi

Career

1) Career Overview

Adrian Joyce is a project and asset finance lawyer based in Tokyo since 2009.  Adrian is highly regarded and has considerable experience advising financiers, sponsors and ECAs on complex cross-border project finance and asset finance structures in the energy, transportation and infrastructure sectors. He is a fluent Japanese speaker.

In the last 12 months, Adrian has led and advised financiers, ECAs and sponsors on a number of high profile and complex cross-border financings.

In March 2019, Adrian received the Latin American Upstream Oil and Gas Deal of the Year 2018 by IJ Global for advising lenders and the Japan Bank of International Cooperation on the long-term project financing of the MV30 Sepia floating production, storage and offshore (“FPSO”) vessel operated by MODEC and to be chartered offshore Brazil to Petrobras, the stat-owned oil company.

Adrian joined Nishimura & Asahi in September 2020 and  before joining he was a partner in Norton Rose Fulbright, Tokyo where he helped establish the banking and finance practice after joining in 2009. He is ranked in Chambers Asia-Pacific 2021 as a “Leading Individual” for “Projects & Energy: International – Japan” and “Banking & Finance: International Asset Finance – Japan”.

2) Legal Experience:

  • Partner, Norton Rose Fulbright, Tokyo (2009-2020);
  • Mizuho Bank, Ltd., London (2006-2009);
  • CMS Cameron McKenna Nabarro Olswang LLP, London (2004-2006);
  • Taylor Wessing, London (2001-2004).

3) Highlighted deals in the last 12 months include:

  • Advising MUFG, ING, JBIC, NEXI and commercial lenders on the offshore project financing of the MV32 FPSO to be deployed offshore Brazil and chartered long term to Petrobras. (https://www.jbic.go.jp/en/information/press/press-2020/0731-013622.html)
  • Advising sponsors on two LNG carrier projects (mid-size and conventional; total of 4 vessels) including JV arrangements, shipbuilding and charter contracts and financing.
  • Advising sponsors on the refinancing of four LNG tankers with a lending consortium led by a Japanese megabank.
  • Advising JBIC and commercial lenders on the project financing of the Fujiarah F3, IPP.
  • Advising a Japanese lessor on the sale and leaseback financing of an oil tanker.
  • Advising a Japanese lessor on the restructuring of the sale and leaseback financing of three vessels chartered to a German / Indonesian consortium.
  • Advising a Japanese lessor on the secured financing of a second-hand bulk carrier.
  • Advising a Japanese lessor on the restructuring of a sale and leaseback financing of a bulk carrier.
  • Advising lenders in regard to the financing of an Asian subsea cable.
  • Advising lenders in regard to the restructuring of an Asian subsea cable.
  • Advising sponsors in regard to fuel supply, direct agreement and English-law finance agreements in regard to a Japanese biomass project.

Languages

Japanese, English

Memberships

  • Admitted in England and Wales (2003);
  • Registered as a Gaikokuho Jimu Bengoshi (2014) (Not Admitted in Japan).

Education

  • University of Law (PGCE/LPC, 2000/2001);
  • Waseda University (MBA, 2000);
  • University of Tokyo (Monbusho Scholarship, 1996-1998);
  • University of Essex (MA, 1994); and
  • University of Sheffield (BA, 1993).

Lawyer Rankings

Japan > Banking and finance: Independent local firms

(Leading individuals: Gaiben)

Adrian Joyce - Nishimura & Asahi

Distinguished by its advice to both financiers and borrowers, Nishimura & Asahi assists banks and financial institutions with a range of domestic and cross-border banking transactions, including asset financing, acquisition financing, corporate and syndicated loans. The large asset finance practice advises Japanese leasing companies across the spectrum of leasing transactions, notably aircraft financing, ship financing, container leasing transactions and plant facilities leasing. Other strengths for the firm include finance regulations and compliance. Asset finance specialist Katsu Sengoku leads the team that includes projects and asset finance lawyer gaiben Adrian Joyce; Hideo Horikoshi, who handles banking, acquisition finance, project finance, syndicated lending and other international transactions; and Takashi Saito, who focuses on acquisition finance, subscription finance, syndicated lending and banking transactions.

Japan > Shipping: Independent local firms

New to the rankings, Nishimura & Asahi‘s shipping team regularly acts for lenders, lessors, lessees and ECAs in cross-border and domestic asset finance transactions relating to vessels and marine containers. The firm advises on chartering/financing and marine container leasing/financing transactions (JOLCO). The team is led by Katsu Sengoku, a shipping asset finance expert. Kosuke Shibukawa is also a shipping finance and investment expert. The ‘superbAdrian Joyce adds additional strength to the team with project and asset finance expertise relating to the shipping, offshore and LNG sectors.

Japan > Projects and energy: Independent local firms

Specialising in project finance, as well as the development and procurement of natural resources, Nishimura & Asahi has broad expertise in the area. In addition to advising on the traditional coal and gas sectors the firm is increasingly active advising on the booming renewables space, notably the offshore wind sector in Japan. The practice handles a range of infrastructure projects, including PFI projects and concession projects based on Japan’s PFI Act and amusement theme parks. In terms of international expertise, the group advises on LNG projects, mining projects, refinery projects, IPP projects and infrastructure across a number of jurisdictions countries; US and EU sanctions issues is another specialism. Tomohiro Sato leads the deep bench of projects, energy and finance experts, key names including Maya Ito, Sadayuki Matsudaira, Norio Maeda and Nathan Schmidt. The firm’s international strength was further boosted in 2020 by the arrival of projects and asset finance expert Adrian Joyce from Norton Rose Fulbright and Alexander Woody from White & Case LLP – White & Case Law Offices (Registered Association) in June 2022.