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DEPARTMENT PROFILE

Allen & Overy LLP

Asset Finance

6 ranked lawyersBand 1UK-wideUK 2022 View ranking table

Chambers Review

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

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. Acclaimed for its well-rounded practice and its ability to provide parallel services relating to tax, litigation and restructuring. Adept at handling AFIC structured financing products in the aviation sector.

Strengths

"They are our go-to shop and our preferred team," notes one client, adding: "The firm has good breadth and depth."

Another source says: "They are a strong team, user-friendly and solutions-driven."

"They are able to handle cross-border matters efficiently and always provide an excellent service," reports another.

Work highlights

Advised International Airlines Group on a USD1.8 billion revolving credit facility.

Acted for Novatek Group on all aspects of the project for procurement, construction and financing of two LNG floating storage units.

Notable practitioners

David Smith is a consultant at the firm and has substantial experience in ship finance matters. His expertise covers issues such as FLNG projects.
"David is a very good lawyer." "He is a big name in the sector."

Harry Upcott earns plaudits for his impressive practice in the aviation finance space. He advises on matters such as credit facilities, acquisitions, and sale and leaseback of aircraft.
"Harry Upcott is exceptionally bright. His ability to bring a wealth of commercial experience to the table to pragmatically drive amicable solutions is a real talent."

Jonathan Bevan is recognised for his work on complex rail refinancings. He also has notable experience advising on franchising and infrastructure projects.
"Jonathan Bevan is great, he is very smart and very confident."

Kevin Young brings strong capabilities to ship finance matters. He often handles transactions concerning LNG carriers.
"Kevin Young is a high-quality lawyer and very client-friendly."

Mario Jacovides is the global head of the structured and asset finance group. He is a leading expert in aviation deals and counts well-known airlines, banks and manufacturers as his clients.
"Mario Jacovides is very constructive and has a collaborative approach to doing deals and working through difficult situations. He is very pleasant to work with."

Paul Nelson is head of the aviation finance group and a premier practitioner in the industry. He has strong expertise in aircraft restructuring, leasing and financing matters.
"He is utterly brilliant and has a complete mastery of the legal obstacles."

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Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

UK-wide

Asset Finance: Aviation Finance


Harry Upcott
Band 2
Mario Jacovides
Band 1
Paul Nelson
Band 1

Asset Finance: Rail Finance


Jonathan Bevan
Band 2

Asset Finance: Shipping Finance


David Smith
Senior Statespeople
Kevin Young
Band 3