European Finance deal of the Year
Complex, innovative and demonstrating expertise in multiple areas, the winner of the banking and finance deal of the year ticked all the boxes for the judges of this category.
The Stephenson Harwood Paris finance team advised on a €700 million financing and restructuring package for luxury cruise operator Compagnie du Ponant. It was a hugely complex deal overlaying multi party financing involving numerous banks, ECAs and law firms in four jurisdictions, in the growing market sector of small exploration cruise ships.
It involved an innovative structure with export credit cover inserted in a tax lease, parallel negotiations for two ships and with shipbuilding contracts also being negotiated, It was a first for Norway and an incredible demonstration of French, Italian and English law expertise, all from Stephenson Harwood’s Paris office. The deal will set a precedent for this type of structure in these jurisdictions.
Latham & Watkins
Egorov Puginsky Afanasiev & Partners
Schalast Rechtsanwälte und Notare
Watson Farley & Williams