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Stephenson Harwood LLP

1 RAFFLES PLACE, #18-61 TOWER 2, SINGAPORE 048616, SINGAPORE
Tel:
Work +65 6226 1600
Fax:
Fax +65 6226 1661
Email:
Web:
www.shlegal.com
Beijing, Dubai, Hong Kong, London, Paris, Piraeus and 4 more

Gregg Johnston

Tel:
Work +65 6226 1600
Email:
Web:
www.shlegal.com/people/gregg-johnston
Stephenson Harwood

Work Department

Finance

Position

Gregg is the head of the Singapore based shipping and offshore finance team. Gregg acts on many of the highest profile transactions in the Asia Pacific region and is one of a few "go to" international ship and offshore finance lawyers with a focus on Korea.

He acts for major ship financing banks and ship owners and has deep experience in all facets of shipping and offshore finance including syndicated lending, export-credit backed financings, FSRU financing, sale and leaseback transactions, loan portfolio sales, restructuring and workouts and enforcement work.


Singapore: Asset finance

Asset finance – Foreign firms

Within: Leading individuals

Gregg Johnston - Stephenson Harwood LLP

Within: Asset finance – Foreign firms

Stephenson Harwood LLP's team, which is led by practice head Gregg Johnston, is 'at the forefront of ship finance'. The team counts major shipping, offshore companies, shipyards and insurers among its clients as well as energy service companies and oil and gas businesses. Saugata Mukherjee has expertise in structured and asset finance in the shipping and aviation sectors and led advice to the China Development Bank on the financing for the building of six LNG carriers in respect of a joint venture between Teekay LNG Partners and China LNG Shipping. Martin Green and Iain Young, who founded the firm's practice in Singapore, are seasoned asset finance practitioners and of counsel Michelle Runagall-Orlić, who has a focus on cross-border aviation financing, acquisition and leasing transactions, is also a name to note. The team advised BW LPG on a $150m term loan to refinance its existing revolving credit facility, which was raised from a number of banks including ING Bank and Development Bank of Japan. Other work includes assisting with the acquisition finance for a floating storage and regasification unit, where the group worked with colleagues in the firm's London and Hong Kong offices.

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Singapore: Shipping

Shipping – Foreign firms

Within: Leading individuals

Gregg Johnston - Stephenson Harwood LLP

Within: Shipping – Foreign firms

Stephenson Harwood LLP has a strong track record in the shipping and offshore area and considerable finance-related expertise and is able to draw on experts from the firm's global network. Gregg Johnston, who leads the finance side of the practice, and Durai Shunmugam, who has a focus on contentious marine and international trade,  jointly head the team. Iain Young, Huay Yee Kwan and Michelle Yong are the other key practitioners. The team was strengthened by the arrival of several new hires, including Timothy Cooke,  who focuses on arbitrations and mediations, and joined from Morgan Lewis Stamford LLC's Stamford office in June 2017; senior associate Justin Gan, who  transferred from the firm's Hong Kong office in January 2018; and associates Wei Dai and Sarah Kuek, joined in mid-2017 from a Chinese bank and Gurbani & Co LLC respectively. The team was further boosted by the arrival of Martin Brown, who joined from Ince. The team's recent work includes the construction, acquisition, leaseback and sale of vessels, including offshore platforms and related joint ventures as well as cargo-related and other disputes.

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South Korea: Shipping

Shipping – Foreign firms

Within: Shipping – Foreign firms

Stephenson Harwood’s managing partner Michael Kim has the ‘best competency in proposing a solution-driven strategy, assuring the best outcome under the difficult circumstances’. Stuart Burrell is ‘reliable and very prompt’; he is recommended for contentious matters and construction–related issues, as is Hong-Kong based Andrew Rigden Green. Jade Park ‘is good at finding out the nub of a question’. Gregg Johnston focuses on ship finance and counts the Korea Development Bank as a long-standing client.

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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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