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The National Company Law Tribunal (“NCLT”), Indore Bench, comprising of Shri Ashok Kumar Bhardwaj (Judicial Member) and Shri Kaushalendra Kumar Singh (Technical Member), while adjudicating a.
Home / Shipping News / Shipping Law News / Clyde & Co and StormHarbour act as advisors for SHUAA-led consortium to buy out debt of Stanford Marine Group
Clyde & Co and StormHarbour act as advisors for SHUAA-led consortium to buy out debt of Stanford Marine Group
Global law firm Clyde & Co and StormHarbour Securities LLP, a global investment banking boutique, announced that they acted as sole legal advisors and financial advisors respectively for a debt buyout of Stanford Marine Group’s AED 1.13 billion (USD 308 million) facility by SHUAA Capital, resulting in a successful outcome for all parties involved, including the participating banks.
SMG is one of the most prominent and diversifed offshore services companies in the Middle East, with a focus on chartering, building and repairing offshore support vessels for the oil and gas industry. SMG owns and operates a fleet of more than 35 Offshore Supply Vessels (PSVs, Anchor Handlers & Crew Boats).