Watson Farley & Williams > Hong Kong, Hong Kong > Firm Profile

Watson Farley & Williams
UNITS 1703-1707
ONE PACIFIC PLACE, 88 QUEENSWAY
HONG KONG
Hong Kong

Hong Kong > Asset finance (including aviation and shipping finance)

Watson Farley & Williams handles a range of asset finance and leasing matters, including asset and project finance, structured lending, leasing, and commercial aviation transactions, in addition to advising creditors in major airline restructurings, while maintaining a standout maritime practice. Jim Bell, Charles Viggers, George Macheras, and Christoforos Bisbikos collectively lead the group, and Jackson Chow is lauded for his negotiation skills, often working on cross-border financing and leasing mandates, while Madeline Leong maintains a market-leading reputation in shipping finance. Guan Jian, who regularly deals with international shipping and offshore financing transactions, is another key contact in the group.

Practice head(s):

Jim Bell; Charles Viggers; George Macheras; Christoforos Bisbikos

Other key lawyers:

Madeline Leong; Valerie Lee; Dora Ying; Jackson Chow; Guan Jian

Testimonials

‘Jackson Chow is very familiar with the business demands and management characteristics of clients in the Asia-Pacific region, has excellent communication skills, and extensive experience in working with local lawyers in various Asia-Pacific countries.’

‘The team is one the most experienced teams in the region.’

‘Madeline Leong, Christoforos Bisbikos, Valerie Lee, and Dora Ying are partners who have provided excellent service in financing deals with quick turnaround time no matter the time zone.’

‘The firm has a high level of legal expertise and is able to provide clear and effective solutions in financing negotiations and promote the successful closure of projects.’

‘Jackson Chow is outstanding and able to provide effective solutions that are acceptable to both parties when negotiations reach a deadlock.’

Key clients

Pacific Basin

BNP Paribas, Hong Kong

CACIB, Hong Kong

Evergreen Group

Wah Kwong Group

Huayang Maritime Center

Seacon

CIB Leasing

BOC Leasing

ICBC Financial Leasing Co., Ltd.

China Merchants Commerce Financial Leasing Co., Ltd

CMB Financial Leasing Co., Ltd.

CCB Financial Leasing Co., Ltd.

CITIC Financial Leasing Co., Ltd.

Jiangsu Financial Leasing Co., Ltd.

SPDB Financial Leasing Co., Ltd.

Bank of Communications Financial Leasing Co., Ltd.

CSSC (Hong Kong) Shipping Company Limited

Guangzhou Shipping Exchange

CZB Financial Leasing Co., Ltd

Minsheng Financial Leasing Co., Ltd.

Huaxia Financial Leasing Co., Ltd.

CDB Aviation Lease Finance

CALC

China Southern Airlines

Hong Kong > Shipping Tier 2

Acting for blue-chip financial institutions, including international banks, insurance companies, and investment funds, Watson Farley & Williams is praised by clients for its ‘experience’ and ‘invaluable advice’, standing out for its shipping finance and complex sale and leaseback transactions focus. Christoforos Bisbikos and Madeline Leong co-lead the outfit, with the former regularly overseeing projects in the maritime space, while the latter is an expert in the transportation, energy, and natural resources sectors. Marcus Gordon concentrates on dispute resolution claims in shipping, and Valerie Lee is also a key figure wtihin the team.

Practice head(s):

Madeline Leong; Christoforos Bisbikos

Other key lawyers:

Guan Jian; Marcus Gordon; Valerie Lee; Dora Ying; Sylvia Shi

Testimonials

‘The team is one of if not the most experienced team in the region, with senior partners capable of leading deals teams for all shipfinance solutions. In addition, the restructuring team have provided invaluable advice in shipping arrest/corporate restructuring transactions.’

‘Madeline Leong, Christoforos Bisbikos, Valerie Lee, and Dora Ying are partners who have provided excellent service in financing deals with quick turnaround time no matter the time zone.’

Key clients

Huayang Maritime Center

Seacon

CIB Leasing

BOC Leasing

ICBC Financial Leasing Co., Ltd.

China Merchants Commerce Financial Leasing Co., Ltd

CMB Financial Leasing Co., Ltd.

CCB Financial Leasing Co., Ltd.

CITIC Financial Leasing Co., Ltd.

Pacific Basin

Jiangsu Financial Leasing Co., Ltd.

SPDB Financial Leasing Co., Ltd.

Bank of Communications Financial Leasing Co., Ltd.

CSSC (Hong Kong) Shipping Company Limited

BNP Paribas, Hong Kong

CACIB, Hong Kong

Bocomm Leasing

Evergreen Group

Wah Kwong Group

Guangzhou Shipping Exchange

CZB Financial Leasing Co., Ltd

Minsheng Financial Leasing Co., Ltd.

Huaxia Financial Leasing Co., Ltd.

Work highlights

  • Advised Jiangsu Financial Leasing Co., Ltd. on a sale and chartering of eight chemical/oil products tankers and two general cargo vessels owned by Yildirim Group, a conglomerate based in Istanbul, Turkey.
  • Advised Hong Kong listed dry bulk shipping company Pacific Basin Shipping Limited’s wholly owned subsidiary, PB Vessels Holding Ltd a on a US$150m three-year unsecured revolving credit facility extended by a syndicate of international banks led by BNP Paribas and Citigroup Global Markets.
  • Advised China Merchants Commerce Financial Leasing Ltd on the novation of the bareboat charter of the rig named Sea Lion 7 rig from Snamprogetti Saudi Arabia Ltd to Saudi Arabian Saipem and the negotiation of the underlying security package.

Hong Kong > Projects and energy Tier 3

Work highlights

China > Banking and finance: foreign firms Tier 5

Work highlights

Singapore > Shipping: foreign firms

Noted for its stellar offering in shipping finance, Watson Farley & Williams LLP advises on matters concerning sustainability-linked financing, sale and purchases, new-building contracts, finance leasing and shipping work-outs, with additional experience in commodity disputes, ship arrests and maritime casualty cases. Hong Kong-based Madeline Leong jointly leads the practice alongside Sumeet Malhotra, who represents clients in international commodity trading and shipping disputes, while Andrew Nimmo advises on project and asset financings, leasing transactions and joint venture structures in the maritime sector. Other key contacts in the group include Lizzie Roe and Kimarie Cheang.

Practice head(s):

Madeline Leong; Sumeet Malhotra

Other key lawyers:

Testimonials

‘A strong team who are able to provide support on any given case. They understand what the client needs and actively propose workable solutions.’

‘Kimarie Cheang’s strong work ethic is greatly valued. She is able to discern our commercial needs very quickly and provide tailored solutions. Remains attentive throughout any matter and ensures that you are well supported.’

‘Strong expertise in shipping disputes. Provide close and prompt support with practical and commercial solutions.’

Key clients

ING Bank N.V., Singapore Branch

Credit Agricole Asia Shipfinance Limited

Standard Chartered Bank

Oversea- Chinese Banking Corporation Ltd

Sumitomo Mitsui Banking Corporation

Berge Bulk

BW Group

BNP Paribas

Armada 98/2 Pte. Ltd.

Oka Tanker Pte Ltd

Work highlights

  • Advised a syndicate of seven banks (ING Bank N.V., Singapore Branch as coordinating bank, bookrunner and facility agent) on a US$315m financing for six very large gas carriers (VLGCs) for Petredec Global Pte Ltd.
  • Advised The Export-Import Bank of China (CEXIM) as lender in a syndicated facility to the Polish shipowner Polska Å»egluga Morska.
  • Advised Hafnia on a sustainability-linked revolving credit facility of approximately US$303m, provided by a syndicate of eight banks comprising BNP Paribas, Citibank, Danske Bank, DBS Bank, IYO Bank, Nordea Bank, Oversea-Chinese Banking Corporation and Standard Chartered Bank.

Thailand > Projects and energy

With a strong focus on power, renewable energy, oil and gas, mining and commodities, the group at Watson Farley & Williams (Thailand) Limited is well positioned to advise on project finance, EPC agreements, site due diligence and environmental compliance. Co-head Steven Burkill excels in arbitrations involving oil and gas and power projects, demonstrating notable strength in renewable energy disputes. Fellow co-leader Linh Doan has significant experience working on the development and financing of power plants and renewable projects. Ratthakarn Boonnua is another key contact in the practice.

Practice head(s):

Steve Burkill; Linh Doan

Other key lawyers:

Key clients

Department of Mineral Fuels, Ministry of Energy, Government of Thailand

Wind Energy Holdings

PTTEP Energy Development Company Limited

Work highlights

  • Advising and acting for the Kingdom of Thailand and the Ministry of Energy in a multi-billion US dollar arbitration, relating to decommissioning disputes with oil major concessionaries concerning assets in the Gulf of Thailand.
  • Advising Wind Energy Holdings (WEH) on the construction of Turbine Supply and Operations and Maintenance agreements for WEH’s wind farm project companies.

Thailand > Corporate and M&A

Watson Farley & Williams (Thailand) Limited regularly handles cross-border M&A and joint ventures in the energy, transport, and infrastructure sectors. Linh Doan and Piyanuj (Lui) Ratprasatporn are both of those responsible for leading the practice. Ratprasatporn is a specialist in compliance and legal requirements in relation to a range of corporate operations and foreign direct investment in Thailand.

Practice head(s):

Linh Doan; Piyanuj (Lui) Ratprasatporn

Other key lawyers:

Kasma Visitkitjakarn

Key clients

Shanghai Minsheng shipping Co., Ltd.

Pindao Holdings Hong Kong Limited

Newtech Textile (Cayman) International

CTS International Logistics Corporation Limited.

Atlantic Forwarding

Thai Rent a Car Holding

Guardforce AI

Infinity Spa Services Company Limited

Work highlights

  • Advised Thai Rent a Car Holding on its acquisition of a strategic stake in the Electric Vehicle Company Ryde Culture.
  • Advising Atlantic Forwarding on the corporate restructuring, capital increment, and shares allocation among the shareholders of its Thai freight forwarding operations.
  • Advising Guardforce AI on its NASDQ underwritten public offering & uplisting.
The Firm

Watson Farley & Williams is a leading international law firm advising clients operating in the energy, infrastructure and transport sectors. With a network of offices spanning Asia, Europe and the USA, we bring together technical excellence and deep industry knowledge to deliver unparalleled advice on complex transactions and disputes.

Principal Areas of Work

In all our core sectors, we provide integrated and commercially focussed advice across a broad range of capital markets, corporate, finance, dispute resolution, employment, real estate, regulatory and tax matters.

  • Senior Partner: George Paleokrassas
  • Managing Partner: Lindsey Keeble
  • Energy (Mining; Oil and Gas; Power and Renewables; and Commodities and International Trade) – key contacts: Henry Stewart; María Pilar García Guijarro; and Clarinda Tjia-Dharmadi
  • Infrastructure (Airports; Digital and E-Infrastructure; Ports and Terminals; Roads, Bridges and Tunnels; and Social Infrastructure) – key contacts: Florian Kutzbach and José María Anarte
  • Transport (Aviation and Aerospace; Maritime; and Rail) – key contacts: Jim Bell and George Macheras
Energy – Mining

We leverage the wealth of experience across our global network to support industry players across the whole mining life cycle, including in the emerging sectors of seabed and space mining, as well as investor-state dispute settlement.

We are the go-to advisors for all mining participants from owners/licensees, developers and sponsors to financiers, contractors and governments. Operating globally and in areas beyond national jurisdiction enables us to advise on complex, multi-jurisdictional matters in all the major mineral-producing areas of the world, from Africa and Australasia to Asia and the Americas.

Energy – Oil & Gas

We have over 30 years’ direct industry experience advising clients across the whole of the oil and gas value chain, covering upstream, midstream and downstream. We also have in-depth knowledge of new fuels and gases such as LNG, hydrogen, ammonia and SAF to help support the industry’s energy transition.

Clients include exploration, development and production companies, traders, offshore services, storage and distribution companies, refinery developers and operators, funds and investors, banks and governments.

Energy – Power and Renewables

With an international offering of sector specialist lawyers, we are the natural choice for clients across the power and renewables space. We have long been at the forefront of new technology and developments in the industry and have a successful track record advising on all aspects of the value chain and life cycle of projects from conventional power to renewables such as onshore and offshore wind, solar, biomass, and waste to energy.

By leveraging our regulatory, transactional, ESG and dispute resolution experience, we offer an unrivalled full service in sector to clients including developers, investors, sponsors, financiers, contractors and both governments and government entities.

Energy – Commodities and International Trade

We offer a comprehensive sector offering covering disputes, structured trade finance, sanctions and regulatory, ESG, project development & finance, and corporate matters.

Our historical focus on the energy, infrastructure and maritime sectors, which each have strong synergies with commodities and international trade, give us a unique 360-degree perspective, allowing us to support our clients operating in these sectors across all key service lines.

Clients include major corporates, trading houses, mining majors, energy traders, banks, independent trade financiers, investment funds and agricultural and food companies.

Infrastructure

With the global demand for infrastructure rapidly increasing, we support our clients on major projects around the world.

We act for a broad range of participants across transport-relevant infrastructures ranging from airports, ports and terminals, rail and roads, bridges and tunnels. We also work on energy-relevant projects ranging from transmission and storage, water and waste management and renewable energy assets, as well as social infrastructure to emerging sub-sectors such as smart and digital infrastructure.

Our multi-disciplinary team, based across our global network of offices, provides first-rate advice and guidance to all participants in the infrastructure sector.

Transport – Aviation and Aerospace

Always abreast of trends within the aviation and aerospace sectors, we have over 40 years’ experience advising key industry stakeholders. These include aircraft and engine leasing companies, banks and financial institutions, funds and investors, export credit agencies, airlines, tour operators and manufacturers.

What propels our service beyond that of our competitors is our active involvement in making impactful changes to the industry at a global level. This includes being the principal advisors to the Aviation Working Group (AWG) and the prime choice for legal advice focussing on the decarbonisation of the industry, alternative fuels and emissions reduction.

Transport – Maritime

With the largest dedicated maritime legal practice worldwide, we have been helping clients address the industry’s ups and downs for over 40 years.

Our unrivalled shipping experience attracts clients including shipowners, charterers, ship managers, P&I and FD&D insurers, investors, banks and financiers with substantial shipping portfolios. Areas of special expertise include maritime infrastructure, commercial shipping, container shipping and logistics, offshore oil & gas, cruise, commercial contracts, sanctions, disputes and regulatory, loan portfolios and restructuring.

We are at the forefront of the industry move towards decarbonisation, including having advised on the development of the Poseidon Principles to support the IMO’s goal to reduce shipping’s annual greenhouse gas emissions by at least 50% by 2050.

Photo Name Position Profile
Christoforos Bisbikos photo Christoforos Bisbikos Christoforos focusses on all types of cross-border asset and project financings (in…
Jackson Chow photo Jackson Chow Jackson Chow is a Partner in the Assets & Structured Finance group,…
Linh Doan photo Linh Doan Widely recognised as a leading adviser to the Asian power markets, Linh…
Marcus Gordon photo Marcus Gordon Marcus has represented many shipping companies, oil companies (including oil majors), aviation…
Jian Guan photo Jian Guan Partner of WFW Global LLP and a Foreign Legal Consultant (PRC) in…
Valerie Lee photo Valerie Lee Partner
Madeline Leong photo Madeline Leong Madeline Leong joined Watson Farley & Williams in 2004 as a consultant…
Rosa Ng photo Rosa Ng Rosa Ng is a partner in the Corporate Group, based in Hong…
Partners : 200+
Lawyers : 700+
Offices : 19
25+ languages