THE FIRM This pre-eminent firm maintains its top-flight reputation in both shipping finance and litigation. On the finance side, the team has further expanded with several lateral hires and reaped increasing market share in China and South Korea. It represented Chinese-Thai conglomerate Reignwood Group and Opus Offshore in their negotiations with Shanghai Shipyard regarding the construction of two conventionally moored drillships, valued at USD500 million. On the contentious side, the team remains busy with several shipbuilding contract disputes, restructuring and enforcement issues. Highlights include acting for Vitol Asia on obtaining the release of cargo valued at more than USD100 million, following its detention in the Sudan.
Sources say: "A predominant player with in-depth experience. They're always reachable and responsive, and keep key partners deeply involved in the deals."
KEY INDIVIDUALS Veteran finance lawyer Martin Green heads the team. Interviewees enthuse: "He's such an impressive and technical lawyer. He's very knowledgeable in law and an excellent deal negotiator."
Gregg Johnston recently guided DNB on its role as agent, security agent and mandated lead arranger in connection with a facility of more than USD497 million for subsidiaries of Hyundai Merchant Marine to part-finance the construction of five container vessels.
Clients of Iain Young note that "he is very professional, commercially savvy and good at spotting issues." He is held in high regard by several notable lenders, and is frequently instructed on cross-border deals.
The core of Dirk Janssen's practice concerns dry shipping matters, international trade, offshore projects and construction.