Loo & Partners focuses on providing quality banking and capital markets advice, capturing a significant amount of initial public offering (IPO) work in China.
Asialaw Profile
Loo & Partners’ reputation is founded on its work for the Taiwanese Civil Aeronautics Administration in its defense of a claim over a crash in 2000 brought by Singapore Airlines.
The Asia Pacific Legal 500
…That regional expertise extends to banking work, where the team, has impressive instructions… also an authority on corporate governance… advises on shipping groups and others in the sector on financial issues…
The Asia Pacific Legal 500

The reputation of our shipping practice is reflected by the quality of our clientele. Most of our shipping clients are household names.

We are being consulted on a regular basis by local and foreign shipping clients in relation to the legal and tax implications of the sale, purchase, sale & lease back of vessels and ship financing transactions. We often assist our shipping clients in structuring their transactions in the most appropriate manner.

2012-2013

  • We acted for Bank of Taiwan in connection with a ship financing facility of up to USD34.88 million granted to U-Ming Marine Transport Group, a shipping conglomerate form Taiwan , for its purchase of a new vessel;
  • We acted for Taiwan Cooperative Bank in connection with a ship financing facility of up to USD 34.88 million granted to U-Ming Marine Transport Group for its purchase of a new vessel; and
  • We acted for ANZ Bank in connection with a ship financing facility of up to USD34.88 million granted to U-Ming Marine Transport Group for its purchase of a new vessel;

 

2011-2012

  • We acted for Chinatrust Commercial Bank Co., Ltd. in the USD84.56 million vessel acquisition financing granted to U-Ming Marine Transport (Singapore) Private Limited;
  • We acted for Mega International Commercial Bank Co., Ltd. in the USD133.98 million vessel acquisition financing granted to U-Ming Marine Transport (Singapore) Private Limited;
  • We acted for Mizuho Corporate Bank. Ltd., Singapore in the USD45.5 million vessels acquisition financing granted to U-Ming Marine Transport (Singapore) Private Limited; and
  • We advised Hua Nan Commercial Bank. Ltd. in connection with its USD75.6 million vessel acquisition financing granted to Wan Hai Lines (Singapore) Pte Ltd.

 

2010-2011

  • We acted as counsel to Nordea Bank in connection with the delivery of MV “Thor Achiever” for securing the multi-currency facilities of US$108,000,000 granted in favour of Korea Line (Singapore) Pte. Ltd.;
  • We acted as counsel to Nordea Bank in connection with the delivery of MV “Poinsettia” for securing the credit facilities of US$360,000,000 granted in favour of Thoresen Shipping Singapore Pte Ltd.

 

2009 and earlier

  • A Club Loan Facility of approximately USD57 million extended by Hua Nan Commercial Bank, Bank of Taiwan, Chang Hwa Commercial Bank, the International Commercial Bank of China and Chiao Tung Bank to U-Ming Marine Transport Group on the security of 4 Singapore-flagged vessels.
  • A Club Loan Facility of approximately USD33 million extended by the International Commercial Bank of China, Bank of Taiwan, Chiao Tung Bank, Chang Hwa Commercial Bank and Hua Nan Commercial Bank to ET Internet Technology Group (formerly known as the Far Eastern Silo Group) on the security of 2 Singapore-flagged vessels.
  • We acted for Hua Nan Commercial Bank in its Term Loan Facility of USD38 million to Wan Hai Lines (Singapore) for the purchase of 2 steel container vessels.
  • We acted as the Singapore Counsel in connection with a USD250 million secured shipping loan facility granted by DBS Bank, First Commercial Bank, Hua Nan Commercial Bank, ING Bank N.V., the International Commercial Bank of China and ABN AMRO Bank N.V. to Wan Hai Lines.
  • We acted as the Singapore Counsel for Wan Hai Lines in connection with a USD50 million secured medium-term loan facility granted by Chang Hwa Commercial Bank.
  • We advised Konlink Shipping Group on the USD22 million Multi-Currency Secured Term Loan granted by Calyon in connection with their purchase of M.V. Williamsburg Bridge for USD24 million.
  • We acted as the Singapore Counsel for a Taiwanese shipping Group in connection with a USD48 million secured medium term loan facility granted by a group of Taiwanese banks; and
  • We advised a local shipping group on a USD20 million Multi-Currency Secured Term Loan granted by a Japanese bank in connection with their purchase of a vessel.
  • We acted as the Singapore Counsel relating to a USD224 million Loan and Guarantee Facilities granted by Nordea Bank to a leading shipping group.
  • We acted for Hana Bank in its USD8 million Ship Financing Facilities to LS Maritime Group.