Enhanced by the arrival of 'very experienced shipping finance lawyer' Beatrice Russ and two associates from legacy firm Ince & Co in September 2023, Wikborg Rein has greater resources with which to service the firm's existing and well-established Norwegian borrower client base on English law issues, as well as adding to the client list as a result of her own contacts in the industry. Jonathan Page provides 'very hands-on and responsive' advice for lenders and borrowers in the commercial shipping sector, while Jonathan Goldfarb heads the team.
Testimonials
Collated independently by Legal 500 research team.
'The team has extensive ship finance experience and capabilities with a very good reputation in the market.’
‘Wikborg Rein is very professional and maintained high standards on their deliverables. This brings great value to the borrowers as the team possesses a strong understanding of the borrowing group and shipping industry, and speeds up the loan documentation and offers practical solutions/recommendations.’
Key clients
- Havila Kystruten Operations AS
- DNB Bank ASA
Work highlights
- Advising Havila Group on the complex unwinding of four state-of-the-art LNG passenger vessels via intricate sale and leaseback transactions worth €205m with GTLK, a ship financing entity owned by the Russian state, which faced sanctions at the onset of the Ukraine conflict.
- Acted as the principal borrower's counsel for Jacktel AS, a Norwegian company providing offshore accommodation services, on an $80m loan facility from Rawlin 1 Ltd, a subsidiary of London-based ship finance boutique Maritime Asset Partners.