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Sung-Hwan Choi

Partner

Sung-Hwan Choi is a Partner at Hannaford Turner. Sung-Hwan specialises in advising multinational and Korean clients in a wide range of cross-border matters with focus in the maritime sector and in particular with all aspects of ship finance matters. He has acted for banks, lending institutions, asset management/securities and investment funds, private equity and shipping companies in a wide variety of finance and leasing transactions including structuring and restructuring of shipping finance, tax and operating leases and ECA projects for various types of vessels.

The range of Sung-Hwan’s practice also includes advising on sale and purchase of vessels, flagging, corporate structuring and regulatory issues in respect of ship-owning interests. In addition to advising on English law, Sung-Hwan provides Marshall Islands and Liberian corporate law advices and related legal opinions.

  • Advising an international asset management company in relation to bid stage for acquisition of a Korean shipping company as English, Marshall Islands and Liberia legal counsels.
  • Advising Korean governmental financial institution in relation to English and Marshall Islands laws of re-financing of six vessels beneficially owned by a Korean shipping company.
  • Advising Korean governmental financial institution in relation to English and Marshall Islands laws of four drill ships under construction at Korean shipbuilder yard.
  • Advising Korean securities company in relation to English, Marshall Islands and Liberia laws of re-financing of fourteen vessels beneficially owned by a Korean shipping company.
  • Advising Korean governmental financial institution UK and Singapore branches in relation to English, Marshall Islands and Liberia laws of financing relevant vessels for various European and Asian shipping companies.
  • Advising Korean investment and securities company and Korean private equity firm in relation to English and Marshall Islands aws in relation to re-financing of fifteen vessels beneficially owned by a Korean shipping company.
  • Advising a Korean governmental asset management corporation in relation to English, Marshall Islands and Liberia laws for refinancing of twenty-five vessels beneficially owned by various Korean shipping companies.
  • Advising an Asian shipping company on Marshall Islands law for the financing and delivery of the world’s first converted floating liquefied natural gas (FLNG) production vessel under a sale and lease agreement.
  • Advising certain international banks in relation to financing for two newbuildings at Chinese shipyard and the contract of affreightment with South American shipping company and corollary performance guarantees.
  • Advising a group of international banks and Korean governmental banks in respect of a senior secured loan facility made available to a certain entity incorporated and owned by the Korean government as borrower for the purpose of the borrower on-lending (together with a separate junior loan facility made available by certain Korean investment funds) to five wholly-owned SPVs by a Korean shipping company for the pre and post delivery financing of 5 VLOC carriers.
  • Advising German lender in relation to the part financing of twenty-four container vessels acquired by twenty-four Liberian SPCs, wholly owned by a Singapore shipping company, representing the entire fleet purchase from a certain European seller