Ian Mace > Stephenson Harwood > London, England > Lawyer Profile

Stephenson Harwood
1 FINSBURY CIRCUS
LONDON
EC2M 7SH
England

Work Department

Finance.

Position

Ian is a partner and head of our ship finance group. He is an expert in the asset finance sector, specialising in ship, offshore and superyacht finance. Ian has broad experience of various financing transactions, from conventional debt, private equity and Islamic finance to leasing and restructuring. He provides quality advice in a commercial context with exceptional levels of service. Ian is recognised in The Legal 500 UK 2023 guide as a leading individual and in Chambers UK 2023 guide as a notable practitioner.

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.

Ian is a core member of the Stephenson Harwood yacht and superyacht team and regularly advises on non-contentious matters in the sector.

Lawyer Rankings

London > Finance > Transport finance and leasing

(Leading individuals)

Ian MaceStephenson Harwood

Combining ‘exceptional technical and commercial knowledge of the shipping industry’, Stephenson Harwood provides ‘pragmatic and solutions-oriented advice’ to commercial banks, alternative finance providers and operators. Ship finance head Ian Mace has deep knowledge across varied financing structures (including export credit backed deals and commercial debt, as well as more esoteric structures like Islamic finance) and is a popular choice among creditors and debtors on new money transactions and restructurings in the core shipping and offshore markets. Able to call upon a vast reservoir of knowledge gathered over his many years’ in practice, Jonathan Ward remains a strong presence in the market, and is particularly effective advising on matters with a Chinese nexus. Other recommended practitioners include Greek national Dora Mace-Kokota – who is able to ‘find compromising, creative and pragmatic solutions’ for both Greek and non-Greek clients – and recently promoted partner Jon Cripps, who ‘has exceptional specialist knowledge on complex structures’, including JOLCOs and back leverage structures. While shipping remains the bedrock of the practice, under the guidance of Richard Parsons, the aviation practice continues to thrive, including in the developing area of passenger to freight conversion projects. Rebecca Garner, who has ‘quite a remarkable eye for detail!’, is a popular choice for clients on aircraft acquisition and leasing. Tammy Samuel and Suzanne Tarplee co-head the rail offering, while Lisa Marks‘ broad equipment finance and leasing practice includes rail work, as well as an increasing amount of mandates relating to electric vehicles.