Purchasing or investing in distressed businesses gives rise to complexities and considerations that are not typically present in ‘good book’ deals. Considerations for buyers and investors in such circumstances include the need to pay careful attention to structuring the transaction…
Continue Reading Distressed Assets – The opportunity for a bargain but pitfalls abound

Presumably everyone is tired of hearing about COVID-19. However, there is no doubt that its all-encompassing impact on the world’s economic activity has adversely affected most industries, including  transportation, and has ultimately affected companies’ balance sheets. IATA reported that in…
Continue Reading Staying afloat: managing liquidity in the COVID-19 fallout

On June 19, 2020, the long-awaited Inland Revenue (Amendment) (Ship Leasing Tax Concessions) Ordinance 2020 (the Ordinance), which introduces concessionary tax regimes for qualifying ship lessors and ship leasing managers, finally came into effect.

The Ordinance is a follow-up of…
Continue Reading New regime for ship leasing tax concessions in Hong Kong

The world is going digital and equipment lease transactions are no exception.  Today, business is increasingly conducted online, and the necessity to do so has only been amplified with the COVID-19 health crisis.  Luckily, because the movement of transactions into…
Continue Reading Chattel paper in the electronic age

The COVID-19 pandemic has taken the world largely by surprise, especially as regards the speed with which countries have closed their borders, restricted travel and seen a sharp drop in economic activity. The outbreak has had a significant negative impact…
Continue Reading Harder than it looks: the impact of COVID-19 on luxury transportation

Background
Leasing has been a staple of the aviation industry for more than 40 years, and has become increasingly attractive to the shipping industry over the last five years, particularly given the scarcity of traditional bank finance.

Until 2017, Chinese…
Continue Reading JOL-ted into action: how leasing is changing asset finance

The shipping industry has experienced a very turbulent and somewhat negative decade since the 2008 financial crisis. The banking industry is a lot more regulated post-recession era and risk management is paramount. Many of the traditional shipping banks have either…
Continue Reading Ship Sale and Leaseback Transactions