Ship Finance: Legal Year-in-Review

by Ashli E. Mulholland

A Mountain of Growth, Views on High Yield Deals
Law firms we spoke with indicated several areas of growth in the past year. Industry consolidation, and the financial restructuring which comes with joint venturing and mergers, created a mountain of ship finance work for maritime law firms the world over. High yield bond work and complex commercial litigation were peaks unto themselves while every firm we surveyed in the U.K. stressed an increase in structured finance. Finance leases and capital markets work were plentiful round the globe.

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