UK-wide - Asset Finance: Aviation Finance Lawyers & Law Firms - UK | Chambers and Partners
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UK Guide

Asset Finance: Aviation Finance — UK-wide


Allen & Overy LLP - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 7 partners
- 17 other qualified lawyers
- Office location: London

What the team is known for Market-leading asset finance practice with outstanding capability across aviation, shipping and rail finance matters. Advises clients on sophisticated structures including EETCs, JOLCOs and ECA-backed bonds. Regularly works with banks and corporates on industry-leading deals.

Strengths (Quotes mainly from clients)

"Allen & Overy are always aware of our needs and have assisted us with success in our most important deals. They are very aware of the financial structures and they understand the rationale of the market."

"We always feel in very safe hands on every single deal, they work relentlessly hard for us and are always available to provide advice, no matter how urgent."

Work highlights Worked with UKEF on the first ECA-supported sukuk issuance of USD913 million for the purchase of four Airbus A380-800 aircraft to be leased to the operator, Emirates.

Acted for Turkish Airlines on its first EETC financing secured against three new Boeing 777-300ER aircraft.

Notable practitioners

Harry Upcott enjoys "a reputation for being excellent," according to impressed sources. He has experience in a range of aviation financing structures including ECA-supported bonds, purchase agreements and warehouse facilities.

Mario Jacovides is an asset finance specialist who regularly works with clients in the aviation and shipping industries. He enjoys an outstanding reputation in the market, being described by commentators as "the cleverest, the best and the brightest" and an "exceptionally top-quality lawyer."

Paul Nelson is commended by interviewees, who say: "He is absolutely committed to you as a client, to getting things done on time and to making sure everyone is on standby and ready to go." He has significant expertise in aviation asset financing, particularly in EETCs, JOLCOs and ECA transactions.

Jonathan Bevan "has a strong background and a balanced commercial view," reports a client. He has strong capability in rail financing matters, with experience of large national and cross-border deals.

David Smith is an expert in shipping finance who regularly works with large international clients on leasing and debt-based transactions. A source reports that he is "extremely thorough."

Significant clients ECGD, Euler Hermes, IAG, Lloyds, J.P. Morgan.

Department profile by Allen & Overy LLP

Our award-winning, international asset finance practice holds a pre-eminent position in the market. We are know for our extensive experience across all sectors of the asset finance industry, with specialists in the aviation, shipping and offshore markets.Our client base includes banks, financiers, funds, owners, airlines, lessors, manufacturers, captive finance companies, operators, borrowers, lessees, export credit agencies and government organisations.

We have a strong track record of advising on market first and award winning transactions and are ranked Tier 1 by all the leading, global directories cementing our position as a leader in the market.

Our work highlights include:

  • The lenders on a USD1.2b Islamic ijara lease financing to International Airfinance Corporation
  • Floreat Aviation Fund in relation to setting up its fund and securitisation programme focused on
    the aviation sector
  • UKEF on the $913m ECA supported Sukuk financing for Emirates representing the largest capital
    markets ECA supported financing in the aviation space
  • Yamal LNG on the shipping aspects of the shipping the project to transport LNG from its plant in
    Sabetta on the Yamal peninsula in Arctic Russia to Asia and Europe
  • The lenders, SACE and Bpifrance/Coface in connection with CHC Helicopter's Chapter 11 process,
    including advising on the leasing and insurance arrangements, repossessions advice, enforcements against and sale of helicopters which were rejected as part of the Chapter 11 process

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Berwin Leighton Paisner LLP - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 2 partners
- 10 other qualified lawyers
- Office location: London

What the team is known for Strong rail finance practice with specialist expertise in rolling stock financing deals for ROSCOs. Also has experience advising clients including banks, manufacturers and airlines on a full range of aviation finance matters.

Strengths (Quotes mainly from clients)

"A team of talented asset finance and capital markets lawyers who have the breadth and depth of experience that we need as a company."

"The team are professional and diligent; they really know everything from a legal perspective and a commercial perspective."

Work highlights Advised Angel Trains on the re-leasing of fleets of trains owned by it and operated under various franchises, including the Northern, East Midlands and ScotRail franchises.

Notable practitioners

Russell Clifford "is a pleasure to work with and understands what matters to us," says a client. His practice includes a broad range of asset finance work for clients in the rail sector, particularly ROSCOs. He has capability in portfolio transactions, structured debt facilities and off-balance sheet financing.

Jamie Wiseman-Clarke is valued by clients, who report that "he is extremely capable and has co-ordinated several documentation-intensive projects for us." He regularly works for banks, lessors and manufacturers.

Significant clients Beacon Rail Leasing, Bombardier, Deutsche Bank, Investec Bank, Vibrac.

Department profile by Berwin Leighton Paisner LLP

Department profile not yet provided by Berwin Leighton Paisner LLP. Please see their firm profile.

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Bird & Bird - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 4 partners
- 7 other qualified lawyers
- Office location: London

What the team is known for Offers capability on aviation finance issues for clients including airlines, lessors and banks. Works on aircraft and engine financing with experience in operating leases and debt finance.

Strengths

"They are very commercially aware in their approach."

"A strong team with good aviation experience."

Work highlights Worked with ICBC Leasing on the operating lease of a 737-800 aircraft to Air Madagascar.

Advised Avolon on portfolio sales and acquisitions of Airbus A320 and Boeing 737-800 aircraft.

Notable practitioners

Paul Briggs has extensive experience working with aviation sector clients including leasing companies, airlines and banks. He "is very responsive and good at meeting deadlines," reports an impressed client.

Robin Hallam joined from Hogan Lovells in April 2017. He has significant experience in a range of asset finance matters, principally for leading aviation clients. Sources remark that he has "always been very strong" and that "he obviously knows his stuff."

Significant clients AirAsia, DVB, Emirates, Erste Bank, Minsheng.

Department profile by Bird & Bird

Department profile not yet provided by Bird & Bird. Please see their firm profile.

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Blake Morgan - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 8 partners
- 12 other qualified lawyers
- Office locations: Cardiff, London, Oxford, Portsmouth, Reading, Southampton

What the team is known for Acts for clients including banks, operating lessors, airlines and manufacturers on a range of finance issues relating to the aviation sector. Particular strengths include ECA-backed transactions, commercial aircraft leasing arrangements and helicopter-specific financing matters.

Strengths

"All of the partners have been clear and concise with legal advice, quick to grasp the matter and very timely in responding."

Work highlights Worked with Aergo Group on the debt-financed USD85 million purchase of an Airbus A330 aircraft that was on lease to Alitalia from Airbus Financial Services.

Acted for Element Financial Corporation in a USD15 million financing of multiple aircraft leased to a Mexican operator and owned by Airbus.

Notable practitioners

Ben Graham-Evans is a key contact.

Significant clients CHC Helicopter, TUI Group, Shaheen International Airlines, NovoAir, Barclays.

Department profile by Blake Morgan

Department profile not yet provided by Blake Morgan. Please see their firm profile.

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Clifford Chance LLP - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 5 partners
- 36 other qualified lawyers
- Office location: London

What the team is known for Go-to practice for aviation finance matters, with additional capability on rail and shipping-related transactions. Works with global aviation clients in complex ECA-supported financings, portfolio transfers and bank financings. Shipping clients include charterers, shipowners and financial institutions, while the rail team works with government agencies, manufacturers and operators on large rolling stock and infrastructure deals.

Strengths (Quotes mainly from clients)

"The team is very strong, they are responsive, work hard and are reliable in the advice they provide."

Work highlights Worked with BOC Aviation on an USD807 million notes offering backed by a 24-aircraft portfolio sold to Shenton Aircraft Investment.

Acted for CA-CIB and CBA on USD817 million of new credit facilities for the financing of aircraft acquisitions for AerCap.

Notable practitioners

William Glaister is lauded by a client for his "highly impressive technical skills and competence alongside a very detailed industry knowledge. He is incredibly quick to understand the client's objectives and to respond to them."

Paul Carrington is "very good and bright, someone who negotiates hard, knows when to fight and when to give," according to a source. He has capability in a range of financing, leasing and restructuring matters.

Gavin Teague has expertise in rail financing matters, regularly acting for financiers, ROSCOs, operators and consortiums. He has expertise financing rolling stock and infrastructure using capital markets structures, debt finance and PFI.

Rob Burley is described by a client as "thorough in approach, thoughtful and diligent." He has experience in ECA-backed financing, portfolio acquisitions and aircraft sale and purchase.

Significant clients GE Capital Aviation Services, Investec, SMBC Aviation Capital, Deutsche Bank, BNP Paribas.

Department profile by Clifford Chance LLP

Department profile not yet provided by Clifford Chance LLP. Please see their firm profile.

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Dentons - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 7 partners
- 15 other qualified lawyers
- Office locations: London, Milton Keynes

What the team is known for Works with clients on a variety of aviation and shipping finance matters. Aviation expertise covers procurement, portfolio transactions and operating leases for a range of major industry participants. Shipping work is focused on the cruise and yachts sectors.

Work highlights Advised DGN Corporation and the Atlantic Gateway consortium on a purchase order for 53 Airbus Neo aircraft.

Worked with TUI Cruises in the EUR500 million purchase and chartering of three cruise vessels.

Notable practitioners

Nick Chandler works on cross-border transactions and ECA-supported structures, among other matters, for banks and airlines. He has notable knowledge of the Russian market.

Serge Sergiou works on a range of aviation-related matters for clients including banks, lessors and manufacturers. He regularly undertakes work on acquisitions and operating leases.

Sarah Dyke has experience in secured lending and cross-border financing structures for aviation clients. She regularly works with borrowers, operators and financiers.

Significant clients BLME, Qatar Airways, Airbus, AirAsia, Cheung Kong Holdings.

Department profile by Dentons

Dentons is best known for its work on commercial aircraft financing and leasing transactions, and advises a range of industry participants, including airlines, lessors, banks and manufacturers.
We advise a number of the world's leading airlines on their aircraft procurement and financing projects, including Qatar Airways, Emirates, the AirAsia Group, the TUI Travel Group, and Azul Brazilian Airlines. We have also advised on the strategic share purchases of airlines.
We also advise operating lessors Avolon, Cheung Kong and ORIX on a range of transactions, including aircraft portfolio purchases, operating lessor financings, pre-delivery payment and leasing transactions.
Outside of commercial aviation, Dentons advises on corporate jet and superyacht financings, but also for HNW individuals and operators.
The team also regularly advises major bank institutions on export credit-supported financings of a range of assets, particularly into Africa.
Dentons also advises on shipping and rail transactions, including for TUI Cruises, DVB Bank, Bank of London & the Middle East, VTB Bank (PJSC) and GB Railfreight Limited.
Dentons also advises a number of banks and financiers on general asset finance transactions including receivables and invoice discounting transactions, finance and operating leases and financing transactions in respect of a wide range of assets such as medical, technology, energy and plant and machinery assets.

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Freshfields Bruckhaus Deringer LLP - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 3 partners
- 7 other qualified lawyers
- Office location: London

What the team is known for Prominent rail finance practice with extensive experience in complex high-profile rolling stock financing and sophisticated transactions for lessors, manufacturers and financiers. Offers additional expertise in aviation finance transactions for leasing companies, airlines and capital providers.

Work highlights Worked for the lenders to the Cross London Trains consortium on the £1.6 billion refinancing of the Thameslink rolling stock project.

Advised AerCap on the USD135 million portfolio refinancing of 11 aircraft.

Notable practitioners

Simon Johnson is head of global finance.

Significant clients Dubai Aerospace Enterprise, Avolon, Ryanair, South African Airways, HKAC.

Since publication, Robert Murphy has moved in-house.

Department profile by Freshfields Bruckhaus Deringer LLP

Please visit the Freshfields website for more details about our work in this category: http://www.freshfields.com/en-gb/what-we-do/services/financing-and-capital-markets/asset-finance/

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Hogan Lovells - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 4 partners
- 11 other qualified lawyers
- Office location: London

What the team is known for Recognised for its ability in aviation financing matters, as well as its work with rail industry groups. Clients include ECAs, equipment manufacturers, air carriers and financial institutions. Areas of expertise include ECA-backed financings, portfolio transactions, tax-based financings and securitisations.

Strengths (Quotes mainly from clients)

"They are helpful, responsive and do a great job."

Work highlights Acted for Norwegian Air on the debt financing of six new Boeing 737-800 aircraft via a private placement of related loan notes to US institutional investors.

Worked with Vietnam Airlines on its debut US Ex-Im Bank financing for four Boeing 787-9 Dreamliners.

Notable practitioners

Robert Fugard has notable experience in ECA-supported financing and portfolio acquisitions, as well as in Islamic financing structures. He advises aviation sector clients including operators, lessors and banks.

Simon Gwynne is "very commercially aware, very attentive and looks after his clients very well," according to sources. He is a leading expert in asset finance matters with extensive expertise in rolling stock financing. He regularly works with rail industry clients on large structured deals.

Significant clients African Export-Import Bank, Standard Chartered Bank, Sumitomo Mitsui Banking, Natixis, Babcock Mission Critical Services.

Since publication, Robin Hallam has joined Bird & Bird

Department profile by Hogan Lovells

Department profile not yet provided by Hogan Lovells. Please see their firm profile.

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Milbank, Tweed, Hadley & McCloy LLP - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 2 partners
- 14 other qualified lawyers
- Office location: London

What the team is known for Outstanding aviation asset finance practice with expertise covering EETCs, financing and operating leases and ECA-backed transactions among other areas. Highly regarded for its ability on large cross-border transactions for global clients including banks, airlines and financial institutions.

Strengths (Quotes mainly from clients)

"The team completes a wide breadth of work, meaning that they are always able to provide the right advice for each deal."

"They have depth and are able to turn things around very quickly."

Work highlights Acted for AWAS, Terra Firma and Canada Pension Plan Investment Board on the USD4 billion sale of 90 aircraft to Macquarie Group, involving issues of multi-jurisdictional leasing arrangements.

Worked with Deutsche Bank as mandated lead arranger on the USD400 million financing of the initial lease portfolio of Stellar Aircraft Leasing.

Notable practitioners

Nick Swinburne is lauded by a client who says: "He is fantastic to work with, he is a pragmatic and a tactful negotiator and he is always able to look at a deal from a commercial angle to provide tailored and practical advice." He regularly advises arrangers, financiers, investors and operators among other clients.

James Cameron has significant expertise in an array of asset finance matters representing industry-leading aviation clients in complex deals. He is "very good to work with, very pragmatic, knowledgeable and commercial," reports a client.

Significant clients AerCap, BBAM Development Bank of Japan, Korean Airlines, Magnetar.

Department profile by Milbank, Tweed, Hadley & McCloy LLP

Department profile not yet provided by Milbank, Tweed, Hadley & McCloy LLP. Please see their firm profile.

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Norton Rose Fulbright - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 20 partners
- 27 other qualified lawyers
- Office location: London

What the team is known for Houses a deep bench of practitioners who provide leading expertise in shipping and aviation finance and significant ability in rail financing matters. Regularly acts for clients including banks, financial institutions, shipowners, airlines and ROSCOs on complex cross-border deals including EETCs, JOLCOs and portfolio transactions.

Strengths (Quotes mainly from clients)

"Their strengths include hands-on knowledge and experience, availability and being driven towards deal closure. They understand client needs and commercial positions exceptionally well."

"It is a very strong team that can handle sizeable, complex projects in a very professional and tactful manner."

Work highlights Worked with Sumitomo Mitsui Banking, and a syndicate of banks, in setting up a USD624 million JOLCO facility for the financing of six Boeing 787-9 aircraft for British Airways.

Acted for Saga Cruises on the acquisition of a new 236-metre luxury cruise vessel and the associated ECA facility provided by HSBC and KfW.

Notable practitioners

Giles Brand is valued by clients, who report that he "combines technical excellence and knowledge with practicality and a wide industry knowledge." He works with clients on a variety of cross-border financings including ECA-backed facilities.

Simon Chamberlain undertakes work on a range of financing matters and has considerable regulatory expertise. A client says: "He has vast knowledge and experience in the aviation sector. He is very detailed and thorough in his analysis and understands the client's needs exceptionally well."

Owen Mulholland is well regarded by the market, with one source reporting that he is "very commercial and client-focused." He has experience in aviation asset finance matters including ECA-backed financing, cross-border structured deals and aircraft sale and leasebacks.

Duncan Batchelor is described by a client as an "extremely strong, professional and responsive partner, able to provide a clear, balanced view on complex subjects." He acts for clients including airlines and banks on syndicated loans, pre-delivery payment financings and complex leasing structures.

Clients say James Collins "shows solid technical skills and excellent transaction leadership." Widely praised by clients, he has experience of a variety of asset finance matters.

Tom Johnson "is a very good negotiator, very strong and massively experienced," according to a source. His clients include financiers, rolling stock operating companies and manufacturers. He regularly acts on rail asset finance transactions.

Simon Hartley is commended by a client who says he "is always extremely calm when negotiations are at tricky points, and he is always focused." He works on ECA-backed financings, capital raisings and leasing structures for shipping companies, banks and financial institutions.

Harry Theochari is a leading figure in the shipping finance market with extensive experience of vessel and offshore asset financing. A client says: "I find Harry to be one of the best shipping lawyers around and he knows most of the people worth knowing in the industry. He is not only technically good as a lawyer, he has always had a commercial view on matters that proves very helpful."

Simon Lew is described by sources as "a very commercial and straightforward lawyer to deal with." He works with clients in the offshore and shipping industries on cross-border leasing, secured debt financings and portfolio sale and purchase.

Sources say Eleanor Martin "is an extremely knowledgeable lawyer; she is sharp, pragmatic and thinks outside of the box," and "she is a great negotiator and very good in managing relationships with the other side." She has expertise in financing offshore assets including FPSOs, drilling rigs and support vessels.

Catherine Johnson is valued by clients because "she delivers very high-quality work." She handles syndicated debt facilities, chartering transactions and vessel sale and purchase.

Significant clients easyJet, Monarch, Bombardier, S7 Group, Gulf Energy Maritime.

Department profile by Norton Rose Fulbright

Department profile not yet provided by Norton Rose Fulbright. Please see their firm profile.

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Pillsbury Winthrop Shaw Pittman LLP - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 2 partners
- 6 other qualified lawyers
- Office location: London

What the team is known for Adept aviation finance practice that regularly acts for financial institutions, airlines and aircraft lessors. Acts on complex cross-border transactions such as ECA-backed financing, EETCs, cross-border leasing and JOLCOs.

Strengths

"We like the hands-on approach from Pillsbury and we like that they are practical whilst at the same time being mindful of the commercial deal."

"A solid and very capable team, their strengths are their positive attitude and attentiveness."

Work highlights Worked for Kuwait Airways on the USD10 billion acquisition of new Airbus and Boeing aircraft from the manufacturers.

Advised MC Aviation Partners on a bespoke lease restructuring arrangement regarding four A320 aircraft.

Notable practitioners

Graham Tyler is "practical, commercial and hands-on," according to clients. He works with airlines, lessors and financial institutions on a broad array of aviation finance matters. He works on the leasing and procurement of aircraft and engines using a variety of structures including Islamic financing.

Debra Erni impresses clients, who note: "Her work and judgement are good and she is commercially pragmatic in her views and advice." She regularly works on ECA-backed transactions, portfolio securitisations and secured debt financings.

Adam Beavill is valued by clients because "he has a wealth of experience and can cut through things very quickly to get us a sensible deal." He frequently works for lessors, financiers and airlines on a range of aviation asset finance matters.

Rakhi Savjani is "extremely helpful, hard-working and has a good gauge on how to deal with the contracting parties so that solutions and resolutions are addressed pragmatically," according to clients. She has experience working for lessors, airlines and financiers.

Significant clients DVB Bank, BBAM, Macquarie AirFinance, Jackson Square Aviation, Export Development Canada.

Department profile by Pillsbury Winthrop Shaw Pittman LLP

Department profile not yet provided by Pillsbury Winthrop Shaw Pittman LLP. Please see their firm profile.

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REN Legal - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 3 partners
- 3 other qualified lawyers
- Office location: London

What the team is known for Increasingly established aviation finance practice that offers a broad range of services to clients including banks, operating lessors and airlines. Noted for particular expertise in aircraft engine financing and leasing, operating leasing and sale and leasebacks.

Strengths

"They are very well respected in the aviation space and their brand continues to grow. They provide us with detailed, sound legal advice."

"They are knowledgeable, hard-working, and offer their clients an excellent product at a reasonable price."

Notable practitioners

Norman Fraser is well known in the market, with lengthy experience working in asset finance for lessors, banks, funds and airlines. He has notable acumen in aircraft and engine leasing and financing as well as establishment of joint ventures.

Christopher Jackson "is directly involved in the details and very responsive. He is a good sounding board with respect to understanding possible legal exposures arising from commercial decisions," reports a client. He has significant industry experience, particularly in aircraft engine leasing and structured financing.

Significant clients AerCap, DVB Bank, SMBC Leasing, Infinity Aviation Capital, Emirates.

Department profile by REN Legal

Department profile not yet provided by REN Legal. Please see their firm profile.

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Stephenson Harwood LLP - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 13 partners
- 50 other qualified lawyers
- Office location: London

What the team is known for Impressive asset finance practice with ability across shipping, rail and aviation matters. Notable rail finance practice advises on rolling stock procurement and leasing structures. Strong shipping finance work with international banks and shipowners on tax leasing, restructurings and ship sale and purchase. Experience in aviation deals includes financing for commercial aircraft and corporate jets.

Strengths (Quotes mainly from clients)

"A strong, knowledgeable team. They are hands-on, precise and resourceful."

"They are able to remain flexible, they produce good-quality documents and they are calm and pleasant to work with."

Work highlights Worked with Nordea in relation to a syndicated loan to finance 36 tankers for Teekay.

Advised Rock Infrastructure on its bids to provide financing for each of the East Anglia, Moorgate, Northern and TPE rolling stock procurement competitions.

Notable practitioners

Richard Parsons is "very diligent and focused with huge breadth of experience and knowledge," according to clients. He advises on aviation financing matters covering debt structures, acquisitions and disposals for both lenders and borrowers.

Graeme McLellan "is very pragmatic and knows his way around projects and transactions," according to sources. He has significant expertise in asset finance, particularly in rail finance for rolling stock.

Lisa Marks has experience in a variety of rail financing matters and regularly works for new market entrants. A client says: "We enjoy working with Lisa; her strong technical skills allied to a calm demeanour makes her a trusted business partner."

Mark Russell is praised for his commerciality and experience, with sources noting that he is a "very strong name in the market." He is a shipping finance expert with extensive experience working for large banks and shipowners on a variety of structures including debt finance, sale and leasebacks and LNG financings.

According to clients, Ian Mace "helps to find solutions when negotiations stagger; he is very helpful in finding different routes to reach common goals." He works with banks and shipowners in debt finance and ECA-backed transactions.

Dean Norton joined Stephenson Harwood from Clyde & Co in May 2017. He advises on shipping finance matters including syndicated loan financings, bonds and ECA-backed structures. He represents owners, operators and offshore clients. Sources describe him as "a good technical lawyer."

Significant clients DVB Bank, ABN AMRO, Guggenheim Aviation Partners, Macquarie European Rail, SQN Asset Finance Income Fund.

Department profile by Stephenson Harwood LLP

Department profile not yet provided by Stephenson Harwood LLP. Please see their firm profile.

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Vedder Price - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 25 partners
- 35 other qualified lawyers
- Office location: London

What the team is known for Strong asset finance practice increasingly recognised for particular strength in aviation finance. Regularly works for clients including ECAs, operating lessors, investors and manufacturers on complex cross-border leases, warehouse loan facilities and government-supported financings among other matters.

Strengths (Quotes mainly from clients)

"They have a high level of partner input, wealth of experience and knowledge."

"They are strong, easy to work with and offer competitively priced legal services."

Work highlights Advised Aircastle on the USD400 million sale of two portfolios of 11 and four Airbus and Boeing aircraft leased in multiple jurisdictions.

Worked with Airbus on the USD100 million PDP financing of six Airbus A320 aircraft for Synergy Aerospace.

Notable practitioners

Gavin Hill impresses a client who says: "He is a very intelligent lawyer and has a very commercial understanding of the need to get the deal done." He advises on a full range of aviation asset finance matters covering leasing, sale and purchase and capital markets transactions.

Neil Poland is "calm but authoritative, and extremely knowledgeable with a vast experience of all varieties of aviation work," according to sources. He works for clients including banks, airlines, ECAs and lessors on a broad spectrum of aviation finance matters.

Derek Watson is well known for his work on corporate jet-related matters. He works on cross-border financings, leasings and portfolio transactions for lessors, owners and banks.

William Gibson is described by a source as "sensible, calm, collected and someone who gets the deal done with minimal fuss." He has ability in commercial aviation matters including ECA-backed structures and tax-based financings.

Dylan Potter recently joined the firm from Allen & Overy. He has significant experience in a wide variety of asset finance structures for aviation clients. He can offer expert advice on ECA-supported deals and on aircraft acquisition and leasing.

Significant clients AerCap, CIT Group, DekaBank, Lease Corporation International, Westpac Banking.

Department profile by Vedder Price

Department profile not yet provided by Vedder Price. Please see their firm profile.

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Watson Farley & Williams - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 20 partners
- 35 other qualified lawyers
- Office location: London

What the team is known for Highly regarded shipping finance practice with additional capability in aviation financing matters. Works on large cross-border financing structures for shipping and offshore clients including asset sales, structured securitisations, and sale and leasebacks. Aviation financing expertise includes work relating to commercial aircraft, corporate jets and helicopters.

Strengths (Quotes mainly from clients)

"There is strength and depth across the firm, experienced lawyers and a client-focused approach."

"They have all the necessary skills to advise us in a detailed and timely manner."

Work highlights Advised Tanker Investments on the acquisition of six second-hand Suezmax tankers from Cardiff Marine for USD315 million, financed through a secured revolving credit facility and a secured loan facility.

Acted for UK Export Finance on behalf of a number of banks and ECAs as facility agent relating to an ECA-backed 12-year operating lease between CALC and Air India relating to the financing for an Airbus A320 aircraft.

Notable practitioners

Nigel Thomas "has a deep understanding of shipping finance and is one of the most experienced lawyers in the field today. He is commercial with an ability to find a fair and amicable solution in every situation," reports a client. He is an expert in shipping finance, and works on matters relating to offshore, cruise and commercial shipping.

Rex Rosales is described by a client as "excellent, very commercial, pragmatic and someone who knows the importance of getting the deals done for the benefit of both parties." He is highly regarded for expertise in aviation finance matters including capital markets structured financing, aircraft acquisitions and leasing structures.

David Osborne "has extensive knowledge of all legal aspects in relation to ship financing matters, and he is pragmatic and commercially oriented," reports a client. He works on asset finance matters for clients in the shipping and offshore industries.

Significant clients Macquarie Bank, COFACE, CIT Maritime Finance, BNP Paribas, Teekay.

Department profile by Watson Farley & Williams

With asset finance lawyers in all 14 of the firm’s offices, WFW has more specialist asset finance partners than any other international law firm. In addition to the size of our practice, the WFW Asset Finance team has a depth of experience, breadth of expertise and level of sophistication in our work that makes WFW stand out from other firms.


Maritime

WFW possesses the largest dedicated maritime finance legal team of any firm in the world, advising in every segment of the shipping industry, including wet and dry bulk, containers and container boxes, drilling rigs and offshore support vessels, cruise, yachts and ferries. Beyond purely maritime transport, our team also has considerable expertise in related sectors such as offshore oil and gas, LNG and ports and logistics. 


Aviation

WFW’s full spectrum aviation finance and leasing practice advises across a wide range of aviation assets, including commercial aircraft, helicopters, and corporate/private jets. The team is at the forefront of developing innovative financial structures, acting for financiers and owners/operators alike. Our Aviation team is a leader in ECA financings, as evidenced by the firm’s appointment as one of just four firms to a panel eligible to work on deals financed by the UK, French and Germans ECAs for Airbus financings. 


Rail

WFW has a growing Rail practice and already advises key players, both operators and financiers.

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WFW Global Head of Transport Rex Rosales is qualified as a barrister and solicitor in Quebec and is a fluent French speaker. He maintains a strong practice in France, working closely with our Paris team on numerous transactions. WFW is a member of the Europeans ECAs panel for Airbus financing and, as such, Rex counts French ECA Coface as a key client, in addition to working in the UAE and Kazakhstan. WFW Global Head of Maritime Lindsey Keeble also has considerable experience in France and maintains strong relationships with the French banks, having spent four years in the WFW Paris office. Nigel Thomas and Chris Lowe have both spent time in the Singapore market, heading up the WFW office there, and Nigel also spent time as the head of the firm’s Oslo office. Meanwhile, Jahnavi Ramachandran acts for a range of clients on Indian matters, and has advised the ECAs on the financing of seven Airbus A320 aircraft for Indian airline IndiGo.


White & Case LLP - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
- 4 partners
- 12 other qualified lawyers
- Office location: London

What the team is known for High-calibre aviation finance practice regularly instructed by banks, ECAs and operators. Skilled in debt financing structures, ECA-backed financing, operating leases and leveraged leasing. Also adept at advising on regulatory matters and cross-border issues, particularly in emerging markets.

Strengths (Quotes mainly from clients)

"Client service is top-notch, their fees are reasonable and everybody at the firm is good."

Work highlights Represented financiers including BNP Paribas and DVB Bank on a USD515 million limited recourse portfolio financing of 14 aircraft for a special-purpose company owned by a joint venture between Cheung Kong and MC Aviation Partners.

Acted for CIT Group in matters relating to the ECA-backed financing of over 50 Airbus aircraft deliveries, leased to multiple international airlines.

Notable practitioners

Adrian Beasley is valued by clients, who say: "He's clearly a very seasoned partner with a very strong skill set and in general just extremely pleasant and easy to deal with." He works on sophisticated asset finance deals for aviation industry clients including ECAs, leasing companies and operators. He has particular expertise in ECA-supported leasing structures.

Justin Benson is praised by commentators for his deep subject knowledge. He works for banks, ECAs, lessors, lessees and arrangers on complicated cross-border aviation financings.

Alison Weal is "extremely organised, does a lot of work behind the scenes and is firm in negotiations; everything is done with minimum fuss and to a high standard," according to clients. She has experience in aviation finance matters for lessees, borrowers and financiers.

Significant clients Barclays, Crédit Agricole, COFACE, Jackson Square Aviation, Thomas Cook Group.

Department profile by White & Case LLP

To learn more about our practice, please visit: whitecase.com/law

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Winston & Strawn London LLP - Asset Finance

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Commentary from the Chambers UK guide

Basic facts about the department
Office location: London

What the team is known for Highly capable aviation finance team that recently moved to Winston & Strawn from Simmons & Simmons. Capacity across a broad range of matters for aviation industry clients including financial institutions, lessors, airlines and equity investors.

Strengths

"They are always available and provide answers and solutions to anything that crops up. They understand our business and care about the deal as if they are a part of our team."

"They show a deep and sound knowledge of the industry, they deliver on point and provide additional background where necessary."

Notable practitioners

Mark Moody is "extremely knowledgeable, extremely thorough and is focused with a great eye for detail. He is always available and proactive in looking after the client at all stages of the deal," according to sources. He has expertise in areas such as debt restructurings, operating leases and ECA-backed financings for aviation sector clients.

Christopher Boresjo is described by a commentator as "good technically and very able." He regularly works for leasing companies, banks and financial institutions.

Department profile by Winston & Strawn London LLP

Department profile not yet provided by Winston & Strawn London LLP. Please see their firm profile.

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Senior Statesmen

Bird & Bird

From the Chambers UK guide

Robin Hallam joined from Hogan Lovells in April 2017. He has significant experience in a range of asset finance matters, principally for leading aviation clients. Sources remark that he has "always been very strong" and that "he obviously knows his stuff."

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Star Individuals

Clifford Chance LLP

From the Chambers UK guide

William Glaister is lauded by a client for his "highly impressive technical skills and competence alongside a very detailed industry knowledge. He is incredibly quick to understand the client's objectives and to respond to them."

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Band 1

Milbank, Tweed, Hadley & McCloy LLP

From the Chambers UK guide

James Cameron has significant expertise in an array of asset finance matters representing industry-leading aviation clients in complex deals. He is "very good to work with, very pragmatic, knowledgeable and commercial," reports a client.

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Band 1

Allen & Overy LLP

From the Chambers UK guide

Mario Jacovides is an asset finance specialist who regularly works with clients in the aviation and shipping industries. He enjoys an outstanding reputation in the market, being described by commentators as "the cleverest, the best and the brightest" and an "exceptionally top-quality lawyer."

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Band 1

Milbank, Tweed, Hadley & McCloy LLP

From the Chambers UK guide

Nick Swinburne is lauded by a client who says: "He is fantastic to work with, he is a pragmatic and a tactful negotiator and he is always able to look at a deal from a commercial angle to provide tailored and practical advice." He regularly advises arrangers, financiers, investors and operators among other clients.

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Band 2

White & Case LLP

From the Chambers UK guide

Adrian Beasley is valued by clients, who say: "He's clearly a very seasoned partner with a very strong skill set and in general just extremely pleasant and easy to deal with." He works on sophisticated asset finance deals for aviation industry clients including ECAs, leasing companies and operators. He has particular expertise in ECA-supported leasing structures.

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Band 2

White & Case LLP

From the Chambers UK guide

Justin Benson is praised by commentators for his deep subject knowledge. He works for banks, ECAs, lessors, lessees and arrangers on complicated cross-border aviation financings.

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Band 2

Vedder Price

From the Chambers UK guide

Gavin Hill impresses a client who says: "He is a very intelligent lawyer and has a very commercial understanding of the need to get the deal done." He advises on a full range of aviation asset finance matters covering leasing, sale and purchase and capital markets transactions.

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Band 2

Allen & Overy LLP

From the Chambers UK guide

Paul Nelson is commended by interviewees, who say: "He is absolutely committed to you as a client, to getting things done on time and to making sure everyone is on standby and ready to go." He has significant expertise in aviation asset financing, particularly in EETCs, JOLCOs and ECA transactions.

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Band 2

Vedder Price

From the Chambers UK guide

Neil Poland is "calm but authoritative, and extremely knowledgeable with a vast experience of all varieties of aviation work," according to sources. He works for clients including banks, airlines, ECAs and lessors on a broad spectrum of aviation finance matters.

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Band 2

Watson Farley & Williams

From the Chambers UK guide

Rex Rosales is described by a client as "excellent, very commercial, pragmatic and someone who knows the importance of getting the deals done for the benefit of both parties." He is highly regarded for expertise in aviation finance matters including capital markets structured financing, aircraft acquisitions and leasing structures.

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Band 2

Pillsbury Winthrop Shaw Pittman LLP

From the Chambers UK guide

Graham Tyler is "practical, commercial and hands-on," according to clients. He works with airlines, lessors and financial institutions on a broad array of aviation finance matters. He works on the leasing and procurement of aircraft and engines using a variety of structures including Islamic financing.

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Band 3

Norton Rose Fulbright

From the Chambers UK guide

Giles Brand is valued by clients, who report that he "combines technical excellence and knowledge with practicality and a wide industry knowledge." He works with clients on a variety of cross-border financings including ECA-backed facilities.

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Band 3

Bird & Bird

From the Chambers UK guide

Paul Briggs has extensive experience working with aviation sector clients including leasing companies, airlines and banks. He "is very responsive and good at meeting deadlines," reports an impressed client.

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Band 3

Simon Chamberlain

Norton Rose Fulbright

From the Chambers UK guide

Simon Chamberlain undertakes work on a range of financing matters and has considerable regulatory expertise. A client says: "He has vast knowledge and experience in the aviation sector. He is very detailed and thorough in his analysis and understands the client's needs exceptionally well."

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Band 3

Dentons

From the Chambers UK guide

Nick Chandler works on cross-border transactions and ECA-supported structures, among other matters, for banks and airlines. He has notable knowledge of the Russian market.

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Band 3

Hogan Lovells

From the Chambers UK guide

Robert Fugard has notable experience in ECA-supported financing and portfolio acquisitions, as well as in Islamic financing structures. He advises aviation sector clients including operators, lessors and banks.

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Band 3

Addleshaw Goddard LLP

From the Chambers UK guide

Rory MacCarthy of Addleshaw Goddard LLP has significant experience working on aviation finance matters for large industry clients. Sources report that "in terms of knowledge and expertise, he is extremely good."

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Band 3

Winston & Strawn London LLP

From the Chambers UK guide

Mark Moody is "extremely knowledgeable, extremely thorough and is focused with a great eye for detail. He is always available and proactive in looking after the client at all stages of the deal," according to sources. He has expertise in areas such as debt restructurings, operating leases and ECA-backed financings for aviation sector clients.

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Band 3

Stephenson Harwood LLP

From the Chambers UK guide

Richard Parsons is "very diligent and focused with huge breadth of experience and knowledge," according to clients. He advises on aviation financing matters covering debt structures, acquisitions and disposals for both lenders and borrowers.

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Band 3

Dentons

From the Chambers UK guide

Serge Sergiou works on a range of aviation-related matters for clients including banks, lessors and manufacturers. He regularly undertakes work on acquisitions and operating leases.

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Band 4

Norton Rose Fulbright

From the Chambers UK guide

Duncan Batchelor is described by a client as an "extremely strong, professional and responsive partner, able to provide a clear, balanced view on complex subjects." He acts for clients including airlines and banks on syndicated loans, pre-delivery payment financings and complex leasing structures.

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Band 4

Clyde & Co LLP

From the Chambers UK guide

According to a client Mark Bisset is "very knowledgeable in business aviation financings, and has a strong international network and a good pragmatic approach to get the deal done." His work includes advising on financings for business jets.

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Band 4

Winston & Strawn London LLP

From the Chambers UK guide

Christopher Boresjo is described by a commentator as "good technically and very able." He regularly works for leasing companies, banks and financial institutions.

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Band 4

Clifford Chance LLP

From the Chambers UK guide

Rob Burley is described by a client as "thorough in approach, thoughtful and diligent." He has experience in ECA-backed financing, portfolio acquisitions and aircraft sale and purchase.

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Band 4

Dentons

From the Chambers UK guide

Sarah Dyke has experience in secured lending and cross-border financing structures for aviation clients. She regularly works with borrowers, operators and financiers.

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Band 4

Pillsbury Winthrop Shaw Pittman LLP

From the Chambers UK guide

Debra Erni impresses clients, who note: "Her work and judgement are good and she is commercially pragmatic in her views and advice." She regularly works on ECA-backed transactions, portfolio securitisations and secured debt financings.

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Band 4

REN Legal

From the Chambers UK guide

Norman Fraser is well known in the market, with lengthy experience working in asset finance for lessors, banks, funds and airlines. He has notable acumen in aircraft and engine leasing and financing as well as establishment of joint ventures.

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Band 4

Vedder Price

From the Chambers UK guide

William Gibson is described by a source as "sensible, calm, collected and someone who gets the deal done with minimal fuss." He has ability in commercial aviation matters including ECA-backed structures and tax-based financings.

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Band 4

Gowling WLG (UK) LLP

From the Chambers UK guide

Matthew Harvey of Gowling WLG (UK) LLP recently moved over from Dentons. He has experience in corporate jet and helicopter financing matters.

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Band 4

Christopher Jackson

REN Legal

From the Chambers UK guide

Christopher Jackson "is directly involved in the details and very responsive. He is a good sounding board with respect to understanding possible legal exposures arising from commercial decisions," reports a client. He has significant industry experience, particularly in aircraft engine leasing and structured financing.

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Band 4

Norton Rose Fulbright

From the Chambers UK guide

Owen Mulholland is well regarded by the market, with one source reporting that he is "very commercial and client-focused." He has experience in aviation asset finance matters including ECA-backed financing, cross-border structured deals and aircraft sale and leasebacks.

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Band 4

K&L Gates

From the Chambers UK guide

Philip Perrotta recently joined K&L Gates from Arnold & Porter Kaye Scholer LLP. He "is a highly experienced transaction negotiator, with a excellent manner in calmly dealing with issues, resolving disputes and handling clients," according to sources. He has experience in a broad range of aviation finance issues.

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Band 4

Allen & Overy LLP

From the Chambers UK guide

Harry Upcott enjoys "a reputation for being excellent," according to impressed sources. He has experience in a range of aviation financing structures including ECA-supported bonds, purchase agreements and warehouse facilities.

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Band 4

Vedder Price

From the Chambers UK guide

Derek Watson is well known for his work on corporate jet-related matters. He works on cross-border financings, leasings and portfolio transactions for lessors, owners and banks.

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Up and Coming

Clifford Chance LLP

From the Chambers UK guide

Paul Carrington is "very good and bright, someone who negotiates hard, knows when to fight and when to give," according to a source. He has capability in a range of financing, leasing and restructuring matters.

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Up and Coming

Addleshaw Goddard LLP

From the Chambers UK guide

Rebecca Garner of Addleshaw Goddard LLP is "absolutely knowledgeable, very good on the commercial side and on the legal trends side," according to a client. She has particular expertise in aircraft financing.

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Up and Coming

White & Case LLP

From the Chambers UK guide

Alison Weal is "extremely organised, does a lot of work behind the scenes and is firm in negotiations; everything is done with minimum fuss and to a high standard," according to clients. She has experience in aviation finance matters for lessees, borrowers and financiers.

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Star Associate

Vedder Price

From the Chambers UK guide

Dylan Potter recently joined the firm from Allen & Overy. He has significant experience in a wide variety of asset finance structures for aviation clients. He can offer expert advice on ECA-supported deals and on aircraft acquisition and leasing.

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Associates to watch

Pillsbury Winthrop Shaw Pittman LLP

From the Chambers UK guide

Adam Beavill is valued by clients because "he has a wealth of experience and can cut through things very quickly to get us a sensible deal." He frequently works for lessors, financiers and airlines on a range of aviation asset finance matters.

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Associates to watch

Norton Rose Fulbright

From the Chambers UK guide

Clients say James Collins "shows solid technical skills and excellent transaction leadership." Widely praised by clients, he has experience of a variety of asset finance matters.

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Associates to watch

Pillsbury Winthrop Shaw Pittman LLP

From the Chambers UK guide

Rakhi Savjani is "extremely helpful, hard-working and has a good gauge on how to deal with the contracting parties so that solutions and resolutions are addressed pragmatically," according to clients. She has experience working for lessors, airlines and financiers.

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Associates to watch

DLA Piper LLP

From the Chambers UK guide

Richard Skipper of DLA Piper LLP is highly valued by clients for his work in aviation finance. One source noted: "He is a pleasure to work with and has a great way of dealing with people. Whilst being technically excellent he is also a very pragmatic and commercial lawyer."

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