Stephenson Harwood LLP Advised Chailease On Superyacht Financing For Turkish Client
Stephenson Harwood LLP advised Chailease International Financial Services (Singapore) Pte. Ltd., a subsidiary of one of Asia’s leading financial services groups, on the financing of a superyacht acquisition by a Turkish-based client.
This transaction reflects Chailease’s growing international expansion in premium asset-backed lending beyond Asia and into the global yachting sector.
The financing facility was secured against the yacht and associated assets. The Stephenson Harwood team advised on the drafting and negotiation of finance and security documentation governed by English and Marshall Islands law, and coordinated the closing and the multi-jurisdictional elements of the transaction to ensure legal and regulatory alignment.
Chris Vartzis, Maritime, Trade and Offshore Partner and Head of Greece Maritime Finance, said: “Increasingly, the yachting industry requires cross-border legal support that is both commercially sound and technically precise. This transaction required us to navigate multiple complex legal challenges, including contractual, tax, and customs issues, drawing on our team’s expertise and collaborative efforts to secure a successful outcome for the client. The Superyacht team remains at the forefront of high-profile transactions and this deal highlights that we are one of the few firms with international reach capable of managing complicated transactions for global financial institutions.”
The Stephenson Harwood team was led by Chris Vartzis (Partner), with support from Ezio Dal Maso (Partner) and Nefeli Christodoulou-Founta and Thanassis Mitrakas (Associates).
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