Iain Young > Stephenson Harwood LLP > Singapore, Singapore > Lawyer Profile

Stephenson Harwood LLP
ONE RAFFLES PLACE
SINGAPORE 048616
Singapore

Work Department

Finance

Position

Iain specialises in banking and asset finance, particularly in relation to ships and offshore assets. He is a pioneer of the Singapore office and has been based in Singapore since 1996.

Iain acts for leading banks and export credit agencies, with well recognised shipping and offshore desks, prominent owners and operators and well established shipping funds. His work includes negotiating and agreeing loan and security documentation whether pre or post-delivery, advising on and drafting documentation relating to lease structures, drafting and negotiating shipbuilding contracts, charters, other employment contracts, sale and purchase documentation and sale and lease back type structures.

Lawyer Rankings

Singapore > Shipping: foreign firms

Stephenson Harwood LLP has a large team of long-term Singapore shipping specialists. It is highly rated for ship finance, shipping disputes and major restructurings and insolvencies in the shipping sector. It has built out its client base from a lender-oriented practice to one that has a much higher number of shipowners. It also represents a number of major Chinese lessors and is making a further impression in the commodities field. Gregg Johnston is a leading name in ship and offshore finance, along with distressed debt situations, restructurings and workouts. Iain Young is another senior practitioner in ship finance, along with younger name Gregory Xu, and Huay Yee Kwan is noted for PRC leasing matters. Michelle Yong and John Simpson are experienced practitioners in shipping and trade disputes. Pedram Norton was promoted to partner in May 2022. Managing associate Jeffrey Tanner also impresses.

Singapore > Asset finance: foreign firms

(Hall of Fame)

Iain YoungStephenson Harwood LLP

Fielding one of ‘the largest, and most sophisticated’ asset finance teams in the market, Stephenson Harwood LLP is particularly well-suited to advising a balanced array of stakeholders, including banks, financial institutions, lessors, airlines, shipping companies, oil and gas businesses, and insurers, on large cross-jurisdictional deals across asset classes, most notably in the aviation, shipping and offshore spaces. Its aviation finance team, one of the largest in Singapore, is adept at handling the entire spectrum of matters, including US and European ECA-backed financings, bond private placements, operating leases, and ground-breaking hybrid flip-leases, to name a few. Helmed by Saugata Mukherjee, whose expertise covers derivatives and structured products, the group has handled a host of refinancings, complex workouts and rent deferrals as a result of the pandemic. Gregg Johnston heads a shipping and offshore sub-group that is emblematic of the eclectic nature of the firm’s workflow. In addition to providing advisory and risk mitigation services, the team is frequently involved in cross-border financings, sale and leasebacks, restructurings and corporate matters across all sub-sectors including containers, tankers, bulkers, rigs, cruise and specialist vessels. Iain Young is a reference in this sector, having led on some of the most high-profile shipping and offshore transactions in Asia. Banking and finance partner Gregory Xu has notable strength in the maritime industry, which is also a particular area of focus for Pedram Norton. Another key individual for shipping finance, Jeffrey Tanner leverages his expertise in banking, finance, maritime and energy transactional matters to advise clients in this segment. Clement Leung is regularly seen in cross-border aviation finance mandates, an area in which Michelle Runagall-Orlić excels.