Shipping: Finance (International Firms) - China
What the team is known for
Wikborg Rein Advokatfirma has a noteworthy team of seasoned shipping finance and litigation specialists. The firm acts predominantly on behalf of financial leasing companies, and also represents shipbuilding groups, offshore companies, P&I clubs and cruise giants. The team provides guidance on matters in relation to joint ventures, restructuring, and sale and leaseback transactions. It also assists with litigation and arbitration procedures concerning salvage, oil pollution and shipbuilding, as well as contractual and charter party disputes. Key clients of the firm include ICBC Financial Leasing and CMB Financial Leasing.
Strengths
"The Wikborg Rein team always spend enough time to decompose problems, meticulously safeguarding the interests of clients."
"They have a good width and depth in their practice which enables them to provide us almost a one-stop solution."
Work highlights
Wikborg Rein Advokatfirma advised Japan P&I and its Korean member on a ship sinking incident in the Taiwan Strait involving a chemical tanker, with overall costs and claims exceeding USD70 million.
The firm also advised ICBC Financial Leasing on the early purchase of six oil tankers under a financial lease transaction with Scorpio Tankers.
Notable practitioners
Ronin Zong is the department head and key contact for clients.
