THE FIRM This firm receives outstanding feedback across the board for its asset finance capabilities. It is well respected for both shipping and aviation work, with standout practices in both areas in China, Singapore and Australia. The firm's aviation team is particularly dominant in the growing low-cost airlines market, where it acts for many regional carriers. For example, it advised Lion Air on the largest ever order for 230 Boeing 737 aircraft, a deal valued at USD21.7 billion. It also acted for Pembroke Capital on the leasing by one of Pembroke’s subsidiaries of two Airbus A330-300 aircraft to MAS, Malaysia's national flag carrier. On the shipping side, the firm continues to offer advice to the key ship finance banks and major shipping companies on financing deals, workouts and enforcements.
Sources say: "A responsive and commercially aware group that understands its clients' needs."
KEY INDIVIDUALS Global head of aviation Paul Ng attracts much praise for his wide-ranging experience in asset finance. One client states: "He has great business acumen and a commercial approach." Ng is particularly admired for his expertise in acting for low-cost air carriers, leading the aforementioned Lion Air transaction.
Interviewees describe Martin Green as "technically brilliant and highly knowledgeable." He heads the firm's shipping and offshore finance practice and has recently led transactions for key shipping finance players, including DVB Bank and ING Bank.
Iain Young "is always available and provides high-quality advice in a quick timeframe," according to sources. His practice focuses on shipping finance.
Singapore-based Gregg Johnston is noted for his detailed knowledge of shipping finance issues. He recently acted for DNB Bank as lead arranger and agent on the USD497.48 million ECA-backed ship financing to subsidiaries of Hyundai Merchant Marine Co.