Transport: Shipping

Patton, Moreno & Asvat

Described as ‘leading the field for lender ship finance in Panama', Patton, Moreno & Asvat's ’first-class' practice enjoys a strong international profile, bolstered by its London office, which enables the firm to act for a host of foreign financial institutions on complex, cross-border shipping finance mandates. The firm also handles the granting and registration of naval mortgages and houses a thriving shipping litigation practice, where Joaquín de Obarrio, who was appointed partner in April 2024, is the key contact. María Teresa Díaz, a prominent figure in the field of maritime law, leads the team alongside ‘go-to ship finance lawyer' Belisario Porras, who has a particularly strong record of advising European and Asian clients. Enrique Sibauste is the name to note in the London office, and Nadya Price also assists ship owners with corporate and financial matters.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'A first-class shipping practice, leading the field for lender ship finance in Panama. Strength and depth, with unrivalled industry knowledge.'
'Belisario Porras is the go-to ship finance lawyer for lenders in Panama. He combines excellent know-how with the commercial ability to fix the problem. Always available and always hits the deadline.'
'Belisario Porras is outstanding, always available and a problem solver. He stands out for the very clear and concise way in which he provides his feedback.'
'Deep knowledge in shipping and all aspects of dealing with Panamanian-flagged ships.'
'Nadya Price is very user-friendly. She is responsive and gives good advice and commercially focused solutions.'

Work highlights

Advised Barclays Capital, as representative of the initial purchasers, US Bank National Association and US Bank Trust Company, National Association on a public offering of $500m 7.000% first priority senior secured notes due 2029 by cruise operator Carnival Corporation.