China Merchant Bank Financial Leasing’s US$93.47 Million Sale And Lease Back With Star Bulk Carriers Corp

Watson Farley & Williams advised China Merchant Bank Financial Leasing on a US$93.47m sale and lease back transaction with NASDAQ-listed Star Bulk Carriers Corp.

The proceeds of the transaction were used to finance the cash consideration in a share and cash transaction for the acquisition of eleven dry bulk vessels from Delphin Shipping LLC.

Founded in 2008, Shanghai-based CMBFL provides financial leasing solutions to large, medium and small businesses across China. It is a subsidiary of China Merchants Bank, the first share-holding commercial bank wholly owned by corporate legal entities in China.

The cross-border WFW Maritime team in Hong Kong, Athens, Hamburg and New York advising CMBFL was led by Hong Kong Partner Christoforos Bisbikos (Picture) supported by Associate Simon Lin and Trainee Daphne Tso. Greek law advice was provided by Athens Associates Konstantinos Mexias, Katerina Dimitriou and Marilena Kossyfa, while Partner and WFW New York Head Daniel Rodgers advised on Liberian and Marshall Islands law, supported by Associates Amma Ofori, Ace Pawlikowski and Maxi Adamski-de Visser. Hamburg Partner Clemens Hillmer and Associate Jakob Paluszkiewicz advised on the German law aspects of the transaction.

Involved fees earner: Theresa Adamski-de Visser – Watson Farley & Williams; Christoforos Bisbikos – Watson Farley & Williams; Clemens Hillmer – Watson Farley & Williams; Marilena Kossyfa – Watson Farley & Williams; Simon Lin – Watson Farley & Williams; Konstantinos Mexias – Watson Farley & Williams; Amma Ofori – Watson Farley & Williams; Jakob Paluszkiewicz – Watson Farley & Williams; Daniel Rodgers – Watson Farley & Williams;

Law Firms: Watson Farley & Williams;

Clients: CMB Financial Leasing Co., Ltd.;