Combining deep industry knowledge with a core understanding of a myriad financing transactions, including sale and leasebacks, structured tax-based leasing products and conventional term loans, Watson Farley & Williams – Greek Branch is well-placed to advise banks and shipping operators across a range of new money and distressed/refinancing mandates. The team is also able to leverage the expertise of lawyers at the firm in other key maritime centres, including London, Hamburg and Hong Kong, and also benefits from the expertise of many lawyers on the ground in Athens who are able to advise on English law-governed financing documents by virtue of having UK law qualifications. Dual Greek and UK-qualified Alexandros Damianidis is one such practitioner whose versatile offering includes expertise at handling vessel acquisition financing, debt refinancing and corporate loans to shipping companies; he also recently acted on the buy side on a major transaction relating to a portfolio of HSBC's shipping loans. Christina Economides is also dual qualified and regularly acts on the creditor and debtor-side on the financing and refinancing of new build vessels. Konstantinos Mexias, who rejoined the firm from Ince & Co in October 2023, is also a key member of the team and whose additional New York qualification enhances its ability to advise NYSE-listed shipping companies. The team is headed by Alexia Hatzimichalis.

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Key clients

  • First Citizens Bank
  • ABN Amro Bank
  • Piraeus Bank
  • EDT Shipmanagement Ltd.
  • Danaos Corporation
  • CIT
  • HSBC
  • Piraeus Bank
  • EDT Shipmanagement Ltd

Work highlights

  • Advised First Citizens Bank on its acquisition of a $123m portfolio of eleven shipping loans previously held by HSBC Bank. The loans acquired pertain to 14 vessels owned by eight different ship owners
  • Advised ABN AMRO BANK and ING BANK on a $245m term loan facility granted to Tsakos Energy Navigation for the financing of a fleet of tanker vessels
  • Advised Danaos Corporation on a $450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction in the Daehan, Dalian and Qingdao shipyards to be delivered in 2024-2025.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Alexandros Damianidis
Watson Farley & Williams – Greek Branch
Christina Economides
Watson Farley & Williams – Greek Branch
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Konstantinos Mexias
Watson Farley & Williams – Greek Branch

Practice head

The lawyer(s) leading their teams.

Alexia Hatzimichalis

Other key lawyers

Alexandros Damianidis, Vassiliki Georgopoulos, Marsila Karpida, Christina Economides, Konstantinos Mexias, Dimitris Karamacheras