Combining ‘deep knowledge of the industry’ with expertise across an array of finance and leasing structures, HFW remains a popular choice among lenders, lessors and operators across a wide range of new money and refinancing transactions. Noted for his ’very service-minded approach’, Swedish and UK-qualified partner Gudmund Bernitz has a broad practice that encompasses commercial loan and ECA-backed financings – including to facilitate the delivery of zero-emission vessels – as well as corporate and commercial work in the space, including as it relates to the establishment of shipping-related funds and ship building contracts. Katherine Noble ‘manages the most complicated transactions with ease’ for a lender-focused client base, including in the context of sustainability-focused projects and financings. For finance work in the aviation sector, Rebecca Quayle is ’extremely capable and commercially minded’ and alongside David Brotherton, who now heads the sub-group in London following a long period in Singapore, has made increasing inroads into the firm’s APAC-focused lessor client base for UK-based work. Barbara Pansadoro also handles work for lessors as well as airlines and is noted for the versatility of her workload, which runs the gamut from insurance-supported deals and complex hybrid financings incorporating commercial debt and tax-based lease structures, through to aircraft and engine purchase contracts. Adam Shire heads up the ship finance team as well as handling a considerable volume of private aviation and corporate jet work.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The team is very service minded and solutions oriented.'
  • 'They have deep knowledge of the industry.'
  • 'Gudmund Bernitz has outstanding knowledge and experience from handling the most complicated transactions in the market.'
  • 'Gudmund Bernitz is very service-minded and his advice is of the highest quality.'
  • 'Ian Hughes is very pleasant to work with and always delivers in time, diligently and pragmatic.'
  • 'Katherine Noble is really an asset to the firm and manages the most complicated transactions with ease.'
  • 'Rebecca Quayle is extremely capable and commercial minded with a breadth of understanding of the aviation industry.'

Key clients

  • Air Europa Líneas Aéreas S.A.U (Air Europa)
  • Avenir LNG
  • Avolon
  • Challenge Group
  • Credit Agricole Corporate and Investment Bank
  • Falko
  • HSBC Bank
  • ICBC International Leasing
  • KfW IPEX Bank GmbH
  • Macquarie Bank
  • Northern Offshore Services
  • Proman
  • Skandinaviska Enskilda Banken AB (publ)
  • SunExpress
  • Swedbank
  • Tsakos Energy Navigation
  • Turkish Airlines, Inc.

Work highlights

  • Advised Proman AG and related entities as sponsors in connection with the setup of the Luxembourg alternative investment fund to invest in six low-emission vessels which will be on 15-year bareboat charters to a JV between Proman and Stena 4 with 15-year time charters to Proman Shipping.
  • Acted for Swedbank AB  in connection with a $26.6m loan facility to Terntank Rederi A/S as post-delivery finance for a zero (or low) emission 15,000 dwt biofuel tanker from CMHI Jinling Shipyard in Yangzhou, China.
  • Advising Skandinaviska Enskilda Banken in connection with a senior secured credit loan facility in respect of the pre-and post-delivery loan financing of two 6,500 CEU LNG car carriers currently under construction at Yantai CIMC Raffles Offshore Ltd to the Stockholm-based shipping company Walleniusrederierna AB.

Lawyers

Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Adam Shire (head of ship finance), Gudmund Bernitz (head of ECA finance), David Brotherton (head of aviation finance)

Other key lawyers

David Brotherton, Ian Hughes, Rebecca Quayle, Barbara Pansadoro, Katherine Noble, Zoe Triantafyllou, Alana Checksfield