Patrick Kirkby > Watson Farley & Williams LLP > London, England > Lawyer Profile

Watson Farley & Williams LLP
15 APPOLD STREET
LONDON
EC2A 2HB
England
Patrick Kirkby photo

Work Department

PARTNER IN THE ASSET FINANCE GROUP

Position

Patrick has over 21 years’ experience advising on a wide range of cross-border matters, primarily in the maritime sector.

His work in advising owners and financiers on deals has been recognised by Marine Money as recent Deals of the Year. He regularly supports banks, export credit agencies, multi-national and family shipowners, private equity, high net worth investors and operators on financing, investment, construction, operation, intercreditor and restructuring arrangements, achieving efficient solutions across complex projects.

Areas of special expertise include the structuring and restructuring of shipping finance, lease and credit-wrapped projects, tax and operating leases, inter-company joint venture, chartering and service arrangements for a wide spectrum of vessel types, including cruise ships, LNG and other product carriers, tankers, container ships, bulk carriers, car carriers and many other specialist sectors. Patrick also works in the financing and operation of FPSOs and drillships.

Patrick’s work often centres on the cross-over between owners’ needs – in the negotiation and documenting of construction, supervision, chartering, management, spares sharing, contracts of affreightment, joint ventures, supply agreements, service agreements and employment and procurement contracts – while assisting with them with their financing programmes, an approach he has developed having worked in private practice and in-house in Europe.

Patrick is recognised for his ability to help clients by simplifying complex issues in project, asset and corporate finance, whether that be documenting the world’s first combination of Korean private junior funding with K-Sure backed loans, working through a UK maritime pre-pack administration, successfully countering Chapter 11 claims, assessing the interplay of an owner’s intended financing arrangements with the constraints of its existing financings, achieving solutions on the seizure of a cargo-laden vessel off Somalia or documenting flexible secured and unsecured working capital arrangements for banks in the lynchpin financing of a major container ship operator.

He is recommended as a shipping finance expert by The Legal 500 UK

Career

Trained Holman Fenwick & Willan; qualified 1998; assistant 1999-2001; A P Moller, in-house legal adviser to Maersk Contractors on secondment 2001; senior associate Watson, Farley & Williams 2001-08; partner 2008.

Languages

English (mother tongue), German, French.

Memberships

Law Society of England and Wales.

Education

City of London School, London; Oxford University (1993 BA Hons Literae Humaniores 2(1); MA); Common Professional Examination (1995); LPC (1996).

Lawyer Rankings

London > Finance > Transport finance and leasing

Drawing upon ‘an enormous wealth of knowledge and experience’ throughout the transportation sector, Watson Farley & Williams LLP‘s ‘technically impressive’ 25-partner team provides ‘pragmatic and commercial’ advice to a myriad stakeholders on an eclectic mix of asset finance transactions, ranging from relatively commoditised bilateral loans, through to heavily structured transactions, as well as advice on politically sensitive issues including as it relates to Russian sanctions. Under the leadership of the ‘technically excellent and commercially pragmatic’ Jim Bell, the firm’s aviation offering has ‘extraordinary broad experience in all aircraft finance and lease topics’, and is now the equal of its historically better-known maritime practice. Chris Mitchell , who is ‘able to structure complex legal projects’, including as it relates to debt financing in the capital markets, is also key to the team’s success, as is the ‘no nonsense’ Louise Mor (who also has significant rail expertise) and the ‘solutions focused’ Patrick Moore, who regularly advises creditors on aviation restructurings. Led from London by ‘trusted advisor’ George Macheras, and also able to call upon expertise in other key maritime centres throughout Europe and Asia, the firm remains a ‘remarkable one-stop-shop for shipping financing’, with expertise across structured financing and long term charters, new builds and second hand sale and purchase. Other key practitioners on the ship finance front include the ‘pragmatic’ Gary Walsh, who is popular among banking clients; Simon Petch , who has ‘extensive knowledge especially in the field of maritime finance and ESG related business’; Patrick Kirkby, who has ‘vast experience in shipping financing’, including on highly structured mandates; and Kate Silverstein, who provides ‘great quality advice’ to owners, lenders and charterers. Hall of fame practitioner Lindsey Keeble is now managing partner of the firm.