Shipping finance in France

Norton Rose Fulbright

Norton Rose Fulbright portfolio extends to advice on leasing deals, restructurings, ship sales and charter transactions with a particularly strong presence in the French tax lease sector. They are also engaged in the banking and finance market, often advising market-leading financial institutions and working with national associations. Practice head Christine Ezcutari, who is also president of the French Merchant Shipping High Council (CSMM), specialises in advising major multinational banks on vessel financing. Banking lawyer Ayaka Millet is one to watch.

Praxisleiter:

Christine Ezcutari


Weitere Kernanwälte:

Ayaka Millet; Lorraine Viard; Emilie Jacques


Referenzen

‘Very strong industry knowledge and experience.’

‘Drafting, execution, responsiveness’

‘A very experienced team that knows the maritime sector and the stakeholders perfectly.’

Kernmandanten

Crédit Agricole CIB


ABN Amro Bank N.V.


Citibank N.A.


Société Générale


Orion Global Transport France SAS


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Stephenson Harwood

Stephenson Harwood continues to provide leading advice on luxury cruise vessel transactions, leveraging its dedicated superyacht practice under lead by Ezio Dal Maso . The practice is frequently sought after by banks regarding financing and asset management matters such as the financing of LNG carriers and offers clients niche expertise in Islamic law-compliant bond issuance. Hortense Atthenont-Duret and Alain Gautron are among the team’s finance experts, with Gautron being particularly recommended for his expertise in asset finance.

Praxisleiter:

Alain Gautron


Weitere Kernanwälte:

Ezio Dal Maso; Hortense Atthenont-Duret


Referenzen

‘We particularly appreciate this team’s ability to address a wide range of topics, well beyond the purely contractual aspects, with very strong adaptability and unwavering availability.’

‘Alain Gautron possesses exceptional knowledge of the French maritime ecosystem and, more broadly, the European and international ones. He facilitates complex issues and has guided his teams toward excellence and customer satisfaction for many years. Hortense Atthenont-Duret is an excellent examples of this.’

 

Kernmandanten

BNP Paribas


Compagnie du Ponant


Ocean Yield AS


Exmar


KEXIM


Caisse d’Epargne Languedoc-Roussillon|Caisse d’Epargne Bretagne Pays de Loire


Accor


Ritz Carlton Yacht Collection


Rubis Energie


Fimar


Corsica Ferries


Crédit Industriel et Commercial (CIC)


Ingépar (Bred subsidiary)


Caisse d’Epargne CEPAC


Caisse d’Epargne Ile de France


Socatra


JP Morgan Asset Management


Crédit Agricole Corporate and Investment Bank (CACIB)


Banque Populaire Grand Ouest


Acta Marine


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  • Advised KEXIM and BNP Paribas on a private placement Sukuk for the Norfa LNG SAS, an entity controlled by the Knutsen Group.
  • Advised Société Générale, Crédit Industriel et Commercial and BNP Paribas on the long-term lease financing of six methanol dual-fuel carrier vessels with eight more vessels planned, for X-Press Feeders and Eastaway France SAS, with a total financing value exceeding $280m.
  • Advised Exmar LPG B.V., a 50/50 joint venture between EXMAR LPG Holding and Seapeak LLC, on their first-ever French lease financing.

Watson Farley & Williams LLP

Watson Farley & Williams LLP offers a wealth of experience in both French and English law, frequently assisting financial institutions in multijurisdictional financing matters, including work related to Export Credit Agencies financing and ship construction projects. The team is also recommended for  advice on cruise and cargo ship financings, French tax lease, and EU-ETS regulations. Practice co-head Alexia Russell is a key contact for investment clients in the need of support with asset financing, leasing and project finance, while fellow head Laurence Martinez-Bellet‘s focus areas extend to advice on joint venture. Philippe Monfort is another key name, and also co-heads the team.

Praxisleiter:

Alexia Russell; Laurence Martinez-Bellet; Philippe Monfort


Referenzen

‚The team is very responsive and able to manage complex amendments for multiple vessels on a compressed timeline.‘

‘Alexia Russell is very personable and able to provide useful advice on challenging matters.‘

‘A top-quality team.’

Kernmandanten

Atlante Gestion


BNP Paribas


Crédit Agricole Corporate and Investment Bank


Cassa Depositi e Prestiti S.p.A.


Crédit Industriel et Commercial


Crédit Mutuel Impact


CVC DIF


Eurazeo Investment Manager (EIM)


InfraVia Capital Partners


SACE S.p.A


SIMEST S.p.A


Warba Bank


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  • Advised BNP Paribas as agent, Italian export credit agency SACE S.p.A, SIMEST S.p.A. and a syndicate of ten banks on the financing, backed by SACE, granted to Carnival Corporation & plc for the construction of three next generation cruise vessels which will be built at Italian shipyard Fincantieri and delivered in 2029, 2031 and 2033 respectively.
  • Advised Warba Bank on the first cross-border private placement Sukuk issued by Norfra, a liquified natural gas carrier based in France and controlled by Norway’s Knutsen Group.
  • Advised Crédit Industriel et Commercial on an innovative structure for the financing through optimised leasing of six new sailing cargo ships for TOWT (TransOceanic Wind Transport).

Stream – Avocats et Solicitors

Shipping specialist firm Stream – Avocats et Solicitors provides full financing and transactional services to borrowers and lenders alike, including advice on M&A deals and tax-lending schemes. With offices located in major maritime cities in Le Havre, Marseille and Bordeaux, the firm provides a close-proximity service to clients while also demonstrating strength in matters with multijurisdictional elements. Practice co-head Aymeric De Tapol is a transactional lawyer and has expertise in French and English law. Fellow co-head Olivier Challine specialises in finance matters.

Praxisleiter:

Aymeric de Tapol; Olivier Challine


Weitere Kernanwälte:

Audran de Carne


Referenzen

Its consistently insightful and targeted analysis allows it to propose relevant strategies while naturally minimizing risk exposure.

‘A firm specialising in defending the interests of shipowners.‘

‚The firm’s recruitment policy reflects a genuine commitment to excellence: new talent is carefully selected. This is evidenced by the quality of the advice provided, sometimes delivered with complete autonomy.’

Kernmandanten

Louis Dreyfus Armateurs – LDA


Corsica Linea


TOWT


Sogestran


Orient Express / ACCOR


Neot Green Mobility


Econocom


VELA


Bourbon


Orion Global Transport France


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  • Advising Louis Dreyfus Armateurs (LDA) on the M&A and financing aspects of InfraVia’s acquisition of a majority stake in its capital.
  • Advised VELA Transport on the negotiation of a shipbuilding contract and lease-financing arrangements of its first wind-propelled cargo trimaran.
  • Advising Corsica Linea on the financing negotiation of a new dual propulsion (LNG) ferry with Stena.

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP covers shipbuilding contracts, financing of new vessels, and M&A deals with recent work highlights including advice on an investment in the launch of a decarbonised shipping line. Practice head Brice Pommiès handles a busy workload supporting shipping companies with financings, restructurings and corporate matters.

Praxisleiter:

Brice Pommiès


Referenzen

‘Brice Pommies is an excellent professional, responsive and innovative.’

‘Willkie’s financing team offers very high-quality, tailor-made support.‘

‘Our main contact was Brice Pommiès, who stood out for his ability to explain complex local issues in a clear manner and to adapt the transaction to non-standard requirements while ensuring compliance with local authorities.’

Kernmandanten

CMA CGM


Chantiers de l’Atlantique


Cheyne Capital and Compagnie Française de Croisières


Epopée Gestion


ADEME Investissement


PPF banka / Dream Yacht Méditerrannée


The French Cruise Line


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  • Advised CMA CGM on its financing transactions for newbuilt vessels, covering a broad range of structures such as ECA-backed loans, French tax leases, and green loans.
  • Advised Chantiers de l’Atlantique on all construction financings for new cruise vessels.
  • Advised the founders of a new cruise line on the financing and equity raise.

A&O Shearman

A&O Shearman supports lenders such a financial institutions and credit support providers with cross-border transactions, and operates comfortably across asset financing, leasing structures and tax matters. The practice is headed by  practice leader Adrian Mellor is an expert in cross-border financing transactions. Florent Belin is another key contact in the practice.

Praxisleiter:

Adrian Mellor


Weitere Kernanwälte:

Florent Belin


Referenzen

‘Florent Belin is excellent.‘

‚Florent Belin demonstrates a seriousness and tenacity rarely seen in the profession.‘

‘execution, availability, responsiveness’

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HFW

HFW advise banks and financial institutions on financing and lending matters, especially financing though tax lease structures. Jean-Marc Zampa advises on complex financings, including international syndicated loans, acquisition finance, asset finance, and tax-advantaged financings. Banking and finance expert Paolo Pinna is qualified under English, French and Italian law.

Praxisleiter:

Jean -Marc Zampa


Weitere Kernanwälte:

Paolo Pinna


Referenzen

‘Extensive experience and exclusive focus on banking.‘

‘A high level of involvement and availability of the partners in transactions and negotiations, a very pragmatic approach.’

‘Responsive, precise, but with a commercial approach.’

Kernmandanten

ICBC Financial Leasing Co., Ltd.


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  • Advising ICBC Financial Leasing Co. (ICBCL), Ltd. on the refinancing of bareboat charter agreements relating to 40 vessels owned by ICBCL and chartered to the Bourbon group, in the context of the global restructuring of the Bourbon group.

Hogan Lovells (Paris) LLP

Leveraging the firm’s international network to excel in cross-border matters, Hogan Lovells (Paris) LLP operates with ease across transactions, restructurings, and reorganisations. Equipped to advice on English and French law aspects, the team is headed by the expert in asset finance Alexander Premont, who frequently supports banks and shipping groups with fleet financings. Tam Tran‘s repertoire extends to advice on leasing agreements for superyachts.

Praxisleiter:

Alexander Premont


Weitere Kernanwälte:

Stephanie Saunders; Tam Tran


Referenzen

‘Alexander and his team have produced very valuable advice in relation to a complex reorganisation impacting various yacht financings and, all along the year, have provided a very strong and prompt support, with a problem-solving approach, on diverse yacht financing situations.’

‘Hogan Lovells‘ defining characteristics are versatility, efficiency, and rigor. Compared to other competing teams, I would place Hogan Lovells among the best. Regarding the quality of their services: the team is highly innovative and extremely accommodating.’

‘Alexander Premont: availability, pragmatism and high technical skill.’

Kernmandanten

Société Générale


Wilmington Trust SAS


SBM Offshore (appointed on their global legal panel in 2024)


Navig8 Europe Limited


Lombard North Central PLC


National Westminster Bank PLC


Deutsche Bank AG


BNP Paribas SA


HSBC Private Bank (Suisse) SA


Standard Chartered Bank Plc


Caisse d’Epargne Group


Credit Agricole – Corporate Investment Bank (CACIB)


KfW Development Bank


KBC Bank NV


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  • Advised Wilmington Trust on the refinancing and 2025 restructuring of the Bourbon Group’s debt, involving more than 60 offshore vessels across eight jurisdictions.

Reed Smith

Reed Smith assists lenders and borrowers alike in French tax lease matters , investments, and financing matters, often within multijurisdictional transactions where the team  leverages the firm’s international network. Romain Farnoux has experience in advising on transactional shipping matters, including advising owners,buyers and financers of commercial vessels and luxury ships.

Weitere Kernanwälte:

Romain Farnoux


Referenzen

‘The team has deep sector knowledge which they combine with practical advice. We would not use any other firm for complex shipping-related matters. ’

 

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