Shipping: local firms

Allen & Gledhill LLP

Client Satisfaction

The maritime team at Allen & Gledhill LLP provides a full service which covers advising on the remit of shipping and offshore in both contentious and non-contentious contexts. The firm advises a variety of local and international insurance companies, P&I Clubs, and major financial institutions. In regards to its financing, the team frequently assists in shipping and shipyard transactions and insurance-related matters. The team has also seen a recent uptick in restructuring and insolvency work. Co-heads are ‘leader in the field’ Kenny Yap, who has expertise in international trade and shipping; Yin Soon Yap, who has marked knowledge in maritime, offshore and aviation disputes; and Yin Chuin Soh who focuses on transactions. Vivian Ang and Corina Song also both particularly renowned for their work on contentious cases. Consultant Gina Lee-Wan is also noted for her shipping expertise.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘A superb, best-in-class team, with strong partners who deliver quality advice promptly.’
‘Michelle Zheng is absolutely excellent. Prompt and precise advice is delivered quickly and organised. She is an absolute favourite in the ship finance sector.’
‘Excellent team which provides clear and concise legal advice and provide good value for money.’
‘Kenny Yap is a leader in the field, and Erik Widjaja is noteworthy. They were very attentive and provided great client service with great legal advice.’
‘The shipping team always delivery top-quality service in timely manner. Some of our transactions have extremely tight schedules and the team is able to deliver results which meet our expectations.’
‘A strong, knowledgeable team who are commercial, responsive and helpful.’
‘We are very pleased with the prompt and comprehensive support from this team. A key strength is their very commercial and practical approach and solution to challenges and issues that may arise.'
'We are always confident that our matters will be handled with care and expertise and in a timely fashion.’

Work highlights

Acting as lead counsel and/or coordinating and managing the court actions and recovery efforts for two major banks - DBS Bank Ltd. (“DBS”) and Natixis, Singapore Branch (“Natixis”) - arising from the $3.85bn insolvency of Hin Leong Trading Pte Ltd and Ocean Tankers (Pte.) Ltd.
Acted for Keppel Offshore & Marine in connection with the restructuring of approximately $880m in delivery obligations/debt owed by Borr Drilling Limited. The deferral and credit restructuring resulted in an estimated liquidity improvement of $190m until the first quarter of 2022.
Advised Rimorchiatori Mediterranei SpA with respect to Singapore law on its acquisition of Keppel Smit Towage and Maju Maritime from Keppel and Smit Singapore, and the financing for the acquisition which involved security being granted over the Singapore entities.

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