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Stephenson Harwood

Living Wage
1 FINSBURY CIRCUS, LONDON, EC2M 7SH, ENGLAND
Tel:
Work 020 7329 4422
Fax:
Fax 020 7329 7100
DX:
64 LONDON CHANCERY LANE WC2
Email:
Web:
www.shlegal.com
Beijing, Dubai, Hong Kong, London, Paris, Piraeus and 4 more

Richard Parsons

Tel:
Work 020 7809 2651
Email:
Web:
www.shlegal.com
Stephenson Harwood

Work Department

Finance.

Position

Richard is an aviation finance and leasing expert and particularly well known for advising banks and operating lessors. Clients value his pragmatic and commercial approach and his attention to detail. He is the firm's global head of aviation.

Richard focuses on financing and leasing transactions in the aviation sector. He regularly advises leading banks and lessors on complex loan financing transactions, leasing transactions, aircraft acquisitions and disposals and subordinated debt transactions.  

He has strong and long-standing relationships with his key clients, who all value his understanding of their business needs and his responsive and commercially astute advice.  

Richard has developed particular expertise on operating lessor financings, acting for both lenders and borrowers. He has advised a leading international operating lessor on the acquisition, financing, leasing and disposal of approximately 50 aircraft over the past four years. He has also been active on aircraft portfolio acquisitions and disposals, including advising a leading operating lessor on the disposal of a portfolio of 37 aircraft.

In addition to representing a wide range of the world's leading aviation finance banks, Richard also advises insurance companies and investment funds on aviation finance transactions, including a number of new entrants to the market. He also advises subordinated debt providers.


London: Finance

Transport finance & leasing

Within: Transport finance & leasing

Stephenson Harwood's 13-partner team has the strength-in-depth to provide a 'pragmatic and commercial service' to a broad range of stakeholders in the shipping and rail sectors. The 'vastly experienced' Mark Russell, 'very talented' Ian Mace and 'reliable and capable' Jonathan Ward are key practitioners in the maritime space (with Ward particularly strong on new money deals and restructurings with a Chinese nexus). Following a spate of major restructurings, new money finance deals have started to become more prominent again in the shipping market; the firm has picked up its fair share of these, including Mace's recent work for shipping company Team Tankers International on a $220m senior secured credit facility. The 'responsive' Richard Parsons leads on the aviation front and has a strong following among banks and operating lessors. As well as her general leasing expertise, the 'super experienced' Lisa Marks also assists on rail finance matters.

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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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