The Transport Finance Law Review is intended to provide the industry with a guide to transport finance today, in each of the key jurisdictions globally in which aircraft, rolling stock and ships are financed.
Traditional asset finance, in the form of bank debt, has long been the mainstay of the transport sector. It is apparent, however, that debt finance alone is no longer sufficient to meet the needs of the global aviation, rail and shipping sectors. As a result, the transport finance sector is undergoing a revolution, requiring its legal advisers to respond by providing clients with a far broader set of legal skills and market knowledge than was previously required.
We have sought contributions from those jurisdictions which play a leading role in the financing of transport assets. Each chapter provides an overview of the transport finance industry in these jurisdictions, with an analysis of how key lenders have changed over the past five years and how the financing of assets has developed as a result. Contributors have provided an overview of the legislative framework for transport finance and financial regulation affecting lenders to the transport sector. Authors have also been asked to review any significant innovations and notable recent and pending financings and cases, and to provide assessments of how the transport sector is likely to continue to develop in their markets.
Harry Theochari is a shipping and asset finance lawyer based in London, where he is the firm’s global head of transport. He is experienced in international shipping finance and has wide experience of syndicated facilities, OECD and export credit-based financings, structured financings, private equity and capital market transactions.
Mr Theochari is highly regarded in international shipping finance and has been involved in some of the most innovative ship finance structures of recent years, for both new-building and second-hand vessels, oil rigs, platforms and other floating structures all over the world.
He has been named by Lloyd’s List as the most influential shipping lawyer in the world and by Tanker Shipping and Trade as one of the most influential people in the tanker industry. Mr Theochari is cited by Chambers Global 2016 as a leading individual for asset finance and for shipping finance, and is ‘hailed for his depth of experience in shipping matters’.
The publisher acknowledges and thanks the following for their learned assistance throughout the preparation of this book: