The ‘fantastic’ team at Stephenson Harwood is appreciated for its ’proactive and very knowledgeable’ service to a variety of clients engaged in the financing and leasing of the full scope of transportation assets. Acting on its own as well as often alongside other practitioners based across offices in key maritime centres, shipping remains the team’s main calling card, with many operators and banks regularly instructing the firm across a range of new money and refinancing mandates. The ‘approachable’ Ian Mace heads up the ship finance sub-group that also includes the vastly experienced Jonathan Ward, who excels in handling work with a Chinese nexus; the ’solutions-oriented’ Dora Mace-Kokota; and the ‘exceptional’ Jon Cripps, who is adept at handling complex matters including those involving JOLCO structures. Although the aviation offering lacks the visibility of its more mature maritime counterpart, under the leadership of Richard Parsons the practice continues to grow its airline and lessor client base, with the ’exceptional’ James Collins being particularly effective at nurturing new clients on the lessor side. On the rail front, both Tammy Samuel and Suzanne Tarplee have well-established ties with train operators, with broad-based transactional and regulatory expertise that also includes some finance and leasing mandates.
Testimonials
Collated independently by Legal 500 research team.
- 'The team is innovative, proactive and very knowledgeable.'
- 'It is a fantastic team, with considerable experience and the depth needed to always be responsive.'
- 'Ian Mace is approachable and has a good overall understanding of the client company's needs and is able to advise with the totality in mind.'
- 'Jon Cripps is an exceptional lawyer who handles complex matters including JOLCO structures. He is always available and able to provide solutions in complicated matters.'
- 'James Collins is an exceptional lawyer; hugely pragmatic and commercial.'
- 'Dora Mace-Kokota provides solutions-oriented advice.'
Key clients
- ABN AMRO Bank N.V.
- Aircraft Leasing and Management
- Altavair (including in relation to funds managed on behalf of KKR, Guggenheim Partners, Delaware Life, Waterfall Asset Management and PIMCO)
- Archway Aviation
- Arriva Plc
- Arriva UK Trains Limited (including all TOCs – Arriva Rail London, CrossCountry, Chiltern, Grand Central)
- Australia and New Zealand Banking Group Limited
- Avation PLC
- BW Offshore Limited
- CAF (Construcciones y Auxiliar de Ferrocarriles)
- Centrus / Corelink
- DNB Bank ASA
- Entrust
- Fleetscape Capital Limited
- Global Atlantic Financial Group
- Gulf Air
- IndiGo
- JP Morgan
- Lombard North Central plc / National Westminster Bank plc
- Macquarie AirFinance
- Macquarie Group Limited
- Morgan Stanley
- MUFG Bank, Ltd.
- Nordea
- Oaktree Capital Management
- Rostrum Leasing
- Sante Global LLP
- Sky Leasing
- Touax Rail
- Transport UK Group (formerly Abellio Transport Holdings) (including all TOCs – Abellio Greater Anglia, Abellio East Midlands, West Midlands Trains, and Merseyrail)
- Trenitalia UK Limited and Trenitalia c2c
- Varamis Rail
- Volotea, S.L.
Work highlights
- Advised Construcciones y Auxiliar de Ferrocarriles and CAF Rail UK Ltd (CAF) on the manufacture and supply of ten new tri-mode, ten-car units and corresponding maintenance of the same to LNER. This was the only new order for passenger trains completed in 2023 and the first order for new trains post-Covid.
- Advised Altavair on all aspects of its acquisition of an Airbus A350 aircraft out of receivership, the related bridge financing and secured long-term financing of the aircraft and operating lease of the aircraft to China Airlines.
- Acted for MPCC on a wide range of financing and refinancing transactions, covering both pre- and post-delivery transactions and using a variety of different financing structures, which included hedging and sanctions advice.
Lawyers
Practice head
The lawyer(s) leading their teams.
Tammy Samuel, Suzanne Tarplee, Ian Mace, Richard Parsons