Madeline Leong
Partner

FINANCE

HONG KONG

T: +852 2168 6700
D: +852 2168 6710
M: +852 6822 1255/+65 96777106

EmailE: mleong@wfw.com

Download VCard >

Madeline Leong>

PDF

Summary Open

Madeline has over 25 years’ experience practising law on an international basis. Her practice focuses on asset finance, project finance, leasing structures, ECA financings, structured finance, debt restructuring and work-outs. She has acted for most of the leading banks, leasing companies, other financial institutions and major sponsors, contractors, transportation, logistics and shipping companies/operators, and has particular experience in the transportation, natural resources and energy sectors.

Recognised by Legal 500 Asia Pacific as possessing “mastery of the subject” of asset finance, a “star” who is “responsive, precise and knowledgeable” in banking and finance and an “intelligent, practical advisor” in the area of debt restructuring and insolvency.

A top ranked lawyer in Shipping Finance (China) by Chambers Asia Pacific 2016, her clients note, “If you need any help she’s fantastic. I’d definitely recommend her, she’s outstanding.“

Legal 500: Madeline is ranked as Leading Individual for Asset Finance (including aviation and shipping finance). Chambers Asia Pacific: Madeline is ranked in China, Shipping: Finance (International Firms): Band 1.

Qualified in Hong Kong, England & Wales and Australia, she is also fluent in Cantonese, Mandarin and English.

Experience Open

    • Advising The Bank of China Limited in relation to a post delivery SINOSURE backed loan facilities of up to an aggregate of approximately US$150 million to subsidiaries of the Schulte Group for financing the acquisition of 9 chemical tanker newbuildings (which was believed to be, at that time, the first SINOSURE backed ship financing).
    • Advising The Bank of China Limited and ABN AMRO who made available certain SINOSURE backed pre and post delivery loan facilities to STX Pan Ocean in relation to financing the acquisition of 3 bulk carriers newbuildings.
    • Advising the Bank of Nova Scotia Asia Limited and its syndicate of lenders in relation to a senior and junior post delivery loan facility to a single purpose company established under the Korea Development Bank Shipping Program, in relation to financing the acquisition of a 180,000 dwt capesize dry bulk carrier on charter to Korea South-East Power Co., Ltd. This was the first Korean financing transaction effected under the Korea Development Bank Shipping Program.
    • Advised Chinese ICBC Financial Leasing Co. Ltd, in relation to the long term sale and lease back of 51 offshore supply vessels with the French offshore oil and gas conglomerate, Bourbon. This was a major cross-border asset leasing transaction involving England, France, Singapore, Norway, Saint Vincent and The Grenadines, Cyprus, Luxembourg, Bahamas and China.  This deal was also named “Deal of the Year” at the Seatrade Asia Awards 2014 in Singapore, April 2014. This is also the largest leasing deal for ships in recent years globally.
    • Advising Capital Intermodal Limited and its associated companies on the sale and transfer of the management rights of such group’s 156,000 twenty-foot equivalent unit of container fleet to Textainer Group Holdings Limited. The Shipping & Intermodal Investment Management team of DVB’s Investment Management division was advising the group.
    • Advising BW Bulk UK Company Limited in connection with a UK leasing arranged by Calyon Credit Agricole and a debt financing facility extended by a syndicate of lenders arranged by BNP Paribas, Calyon Crédit Agricole CIB, DnB NOR Bank ASA Singapore, Fortis Bank S.A./N.V., ING Bank N.V. Singapore Branch and Sumitomo Mitsui Banking Corporation, in relation to the acquisition of four 388,000 DWT VLOC newbuildings.
    • Acting for a syndicate of lenders led and arranged by DVB Bank America N.V in relation to financing the “sale and manage-back” of certain containers between the DCM Deutsche Capital Management AG group and Dong Fang International Investment Limited. The financing was made available to a Portuguese fund managed by the DCM Deutsche Capital Management AG group in connection with financing its acquisition of a fleet of 38,983 CEU of containers from Dong Fang International Investment Limited and subsequently managed by Dong Fang International Investment Limited after their sale.
    • Advised Nordea Bank Norge ASA as Facility Agent for a syndicate of 14 lenders on the provision of a US$866,070,430 facility to the BW Group to refinance eight LNG carriers on a limited recourse basis. Nordea Bank Norge ASA is part of the largest financial services group in Northern Europe and is active in the shipping and offshore arenas. The syndicate members comprised leading banks across Europe and Asia. The eight LNG vessels are registered in Bermuda and are long term time chartered to Nigeria LNG Limited.
    • Advised DNB Asia Ltd as agent in respect of a US$700 term and revolving credit facility provided to BW LPG Holding Limited.  The facility was secured over 20 vessels flagged in different jurisdictions and was linked to the IPO of the parent of the borrower on the Oslo stock exchange. This deal was nominated and was a finalist for “Deal of the Year” at the Seatrade Asia Awards 2014.
    • Advising eleven different syndicates of banks and financial institutions in connection with the Korean rehabilitation proceedings relating to Korea Line Corporation (“KLC”).  KLC is a major Korean shipping company controlling a large fleet of both tankers and dry cargo vessels. KLC is also the second largest ship operator in Korea. The total debt of the facilities was approximately US$1 billion.
    • Advising the various syndicates on the consequences of the rehabilitation proceedings of STX PO in relation to the various financing facilities. This debt restructuring advice and workout involved careful coordination with many interested parties (including both Chinese and Korean export credit agencies) and the Korean rehabilitation proceedings of STX PO was regarded as one of the biggest Korean conglomerates in recent times.
    • Advising the informal steering committee comprising of BNP Paribas, Commerzbank AG and HSH Nordbank AG in in relation to the complex debt restructuring of certain syndicate facilities extended by certain banks and financial institutions to SGX listed Rickmers Maritime, a Singapore registered business trust and its subsidiaries.
    • Advising a Marshall Islands incorporated company managed by a leading shipping bank in relation to the acquisition of a portfolio of a substantial number of containers from a leading container company and the financing of such acquisition which was funded by a syndicate of banks led by a leading Dutch bank. This complicated cross border acquisition and financing container transaction involved containers managed by different managers with different leasing and account receivables arrangements.

Education Open

  • 1988: Bjuris and LLB, University of Western Australia
  • 1989: Admitted in Australia
  • 1992: Admitted in England and Wales
  • 1992: Admitted in Hong Kong

Author/Speaker/Awards Open

  • Speaks regularly at international and Asian shipping, energy and finance conferences including conferences organised by Marine Money, Seatrade and others.

Membership of Professional Societies Open

  • Advocate & Solicitor of Western Australia and Australia
  • Law Society of England & Wales
  • Solicitor of Hong Kong

Employment Record Open

2005 – present: Watson Farley & Williams – Partner

2004-2005: Watson Farley & Williams, Singapore – Consultant

1995-2003: Johnson Stokes & Master, Hong Kong – Partner

1992-1995: Johnson Stokes & Master, Hong Kong – Associate

1990-1991: Baker & McKenzie, Hong Kong – Associate

Publications Open

View all Our Brochures

View all Our Briefings

News Open