Watson Farley & Williams advised ICBC Financial Leasing Co., Ltd. on this deal.
Frontline used the proceeds to fund the acquisition of the ten vessels from Trafigura Maritime Logistics, a wholly-owned subsidiary of Trafigura Group Pte Ltd.
Part of ICBC Group, ICBC Leasing is a leading leasing firm in China providing aviation leasing, shipping leasing, equipment leasing in addition to operating investment management businesses. Frontline is one of the world’s largest oil tanker shipping companies, owning and operating one of the largest and most modern fleets in the industry.
The WFW Hong Kong Maritime team advising ICBC Leasing was led by Of Counsel (PRC) Guan Jian, supported by Hong Kong Office Head Madeline Leong, Senior Registered Foreign Lawyer Jonathan Keats and Legal Assistant Winnie Cheung. They worked closely with WFW Chairman Nigel Thomas (Picture) in London, as well as with WFW New York, including Office Head Daniel Rodgers and Associate Liam Ray who advised on the New York and Marshall Islands law aspects of the transaction.
Involved fees earner: Guan Jian – Watson Farley & Williams; Jonathan Keats – Watson Farley & Williams; Madeline Leong – Watson Farley & Williams; Liam Ray – Watson Farley & Williams; Daniel Rodgers – Watson Farley & Williams; Nigel Thomas – Watson Farley & Williams;
Law Firms: Watson Farley & Williams;
Clients: ICBC Leasing;