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Stephenson Harwood LLP

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2 ranked lawyersBand 1South KoreaAsia-Pacific 2021 View ranking table
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Ranked Lawyers
chambers review
department information
Ranked Lawyers

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What the team is known for

A shipping powerhouse known for its standout capabilities in such contentious shipping matters as contractual disputes, demurrage and insurance claims. Able to advise on both wet and dry disputes and has additional expertise in the shipping finance arena. The Seoul office serves clients across the region on South Korea-related onshore and offshore matters, collaborating closely with the Singapore office. Impressive client roster includes prominent domestic shipping companies and construction companies as well as international insurers.

Strengths

A client highlights "the partners’ unparalleled experience in shipping" as a key strength of the practice.

Another source appreciates that the lawyers "always come up with sensible solutions," reflective of a "deep understanding of the commercial aspects of the issues."

Work highlights

Acted for KIAMCO on a USD45 million loan facility extended to a subsidiary of Pan Ocean for the financing of an ore carrier.

Notable practitioners

Singapore-based Gregg Johnston maintains an active practice advising Korean shipping companies and lenders on financing transactions. He leverages nearly two decades of experience acting on offshore and shipping finance mandates.

Michael Kim is highly regarded by peers and clients alike for his activity on contentious and transactional shipping mandates. One client praises him as "the go-to lawyer in the Korean shipping and shipbuilding industry for complex and substantial cases," adding that he "offers proper compromises dealing with the conflicts between commercial realities and legal principles." He acts for parties involved in charter party, shipbuilding and marine insurance disputes, in addition to advising on shipbuilding contracts, ship financing and investments.

Department Information

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Overview

Stephenson Harwood has one of the world’s leading shipping and offshore practices. We have advised our Korean clients on their key business decisions since the late 1970s.

We are consistently instructed by most of the major shipping and offshore companies, energy service companies, oil and gas businesses, shipyards, insurers, commodity companies, sponsors, lenders and private equity providers. 

We advise on services spanning:

  • Finance: senior, mezzanine and subordinated debt and covering corporate finance, ship and offshore finance, blended corporate and asset finance, export credit agency backed, leasing, project finance, limited recourse and derivatives
  • Corporate: mergers and acquisitions, capital raisings, debt for equity swaps, group reorganisations and restructurings, joint ventures, private equity investments and general corporate advice on a range of matters including regulatory compliance, equity incentives, competition issues and succession planning
  • Commercial: project tender processes, project documents, building contracts, pooling arrangements, conversion contracts, sale and purchase and charterparty agreements 
  • Disputes: risk mitigation, litigation, arbitration and mediation, international sanctions and arrests and enforcements
  • Restructuring: debt restructuring and refinancing, debt for equity swaps, schemes or arrangement, judicial management, chapter 11 and insolvency

Shipping: International Firms

Stephenson Harwood LLP

firm
Location

Level 21, TWO IFC

10 Gukjegeumyung-ro

Youngdeungpo-gu

Seoul

Seoul

South Korea

07326

View Firm Profile

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.

South Korea

Shipping: International Firms


Gregg Johnston
Band 2
Michael Kim
Band 1