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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

Iain Young

Tel:
Work +65 6226 1600
Email:
Stephenson Harwood

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.


Singapore: Asset finance

Asset finance – Foreign firms

Within: Leading individuals

Iain Young - 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: 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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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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