Maritime law

BAHR

Client Satisfaction

BAHR’s leading and full-service maritime practice runs the gamut of ship finance issues, dry shipping matters, marine insurance work, and contentious mandates. Acting for leading domestic and international shipping companies as well as broker firms and insurers, the team has notable strength in cross-border matters. Henrik Aadnesen and Rebecca Lund Nakkim now co-lead the group after joining from Advokatfirmaet Schjødt in June 2023. Aadnesen takes point on shipping finance matters and transactional mandates, while Nakkim handles shipbuilding work, the sale and purchase of rigs and vessels, and charter contracts. Geir Gustavsson and Anne Dahl Frisak remain with the practice; the ‘high-calibre’ Gustavsson has a broad practice spanning shipbuilding, project finance, and contentious mandates, while Frisak is the key contact for sale and leaseback projects and shipbuilding contracts.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Clear communications, swift responses and clear advice.’
‘Anne Dahl Frisak is knowledgeable and provides targeted and appropriate advice.’
‘Excellent competence and knowledge of maritime law combined with a good understanding of commercial issues.’
‘Partner Geir Gustavsson has unique knowledge and experience related to maritime law and a practical understanding of maritime operations. This makes him a valuable lawyer to cooperate with.'
'Marte Leveraas has proved herself to be a quick learner and has developed good competence in this area.’
'Henrik Aadnesen and Rebecca Nakkim have second-to-none insight into what is required for maritime leasing transactions. They are solution-oriented and very service-minded.'
‘The management of numerous matters at the same time is really worth mentioning. I have been involved in several transactions in parallel, and the work delivered has always been impeccable, even in times of great stress.’
‘Geir Gustavsson is a high-calibre partner. On top of his negotiation skills, which are incredible, his analysis of the dynamics of negotiations is also worth mentioning. The combination of the two makes him an invaluable companion to bring transactions over the line.’

Key clients

Eastern Pacific
Torghatten
PGS
Østensjø Group
Color Line
Okeanis
Navig8
Nordea
DNB
The Aker Group
Assuranceforeningen Skuld (Gjensidig)
Norwegian Hull Club
Star Bulk
Cool Company
Edda Wind
Golden Energy Offshore
NRP/Premium Maritime Funds
Hurtigruten Group ASA
Stadyard
Wilh. Wilhelmsen
Wallenius Wilhelmsen
Grieg Group
Ocean Yield
AMSC ASA

Work highlights

Advising Ocean Yield and Ocean Yield Malta on a variety of large and complex transactions, including the $576m sale and leaseback of up to ten Newcastlemax dry bulk newbuildings; the $240m purchase of three 5,500 TEU newbuilding container vessels currently under construction; and the $245m acquisition of two newbuilding ethylene gas carriers (LEG).
Acting as lead legal adviser to seismic giant PGS on a private placement of new shares, raising approximately $150m, along with the issuance of a new $450m senior secured bond with a four-year tenor.
Represented Norwegian Hull Club’s P&I department in a dispute with West of England P&I Club related to substantial damage to a valuable cargo of drilling rigs carried on the bulk vessel MV Ocean Prefect from China to Venezuela.