Finance

At MFB we excel in providing expert legal counsel for private company finance within the maritime sector. Our dedicated team is committed to assisting businesses to secure the financing they need for growth and success. It is often instructed by lenders as a trusted advisor for their borrowers to explain the processes involved and to deliver proportionate and constructive advice with respect to the standard forms.

How Can We Help?

Bank Finance: Advising on lender’s standard terms and security packages for vessel finance, assisting with the satisfaction of applicable conditions, legal opinions and drawdown mechanics/closing arrangements.

Private Debt Finance: Structuring and negotiating debt financing arrangements and closing processes to ensure a smooth and synchronised drawdown.

Due Diligence and Risk Management: Thorough examination of legal, financial, and operational aspects to identify and manage the risks involved through a proportionate risk assessment.

Equity Financing: Advising on equity financing options, including venture capital and strategic private company investments.

Sale and Leaseback Finance: Advising on bareboat finance lease terms and purchase options.

Regulatory Compliance: Navigating maritime finance regulations to ensure compliance with applicable laws.

Contract Drafting and Review: Drafting and reviewing contracts to safeguard the parties’ interests and to align facility terms with our client’s commercial objectives.

Why Choose MFB

Industry Expertise

Our solicitors have a deep understanding of the legal intricacies within the maritime, logistics and transportation sectors and of their insurance and financial landscapes. This industry-specific expertise allows us to bring comprehensive and effective legal solutions to the table.

Client-Centric Approach

At MFB, we prioritise our clients' goals and objectives. Our team works collaboratively with clients to develop strategic plans, ensuring that their lending  align with their overall business objectives.

Commitment to Excellence

We take pride in our commitment to delivering high-quality legal services. Our dedication to excellence has earned us a reputation as a trusted partner in this field.

Examples

• Drafting the standard terms of marine lending for a major Cypriot bank and documenting multiple secured term-loan facilities over tonnage registered in Panama, Belize, Liberia and the Marshall Islands; 

• Advising the administrators of an insolvent shipbuilding company in Korea on revisions to their standard construction terms during their rehabilitation period;

• Registering mortgages and pledges over a series of Malaysian-registered vessel for trade finance in relation to bunker supplies;

• Advising on UCP600 issues in respect of letters of credit arrangements relating to a dispute resolution agreement.