As the situation in the Red Sea disrupts normal operations, legal and insurance experts explore practical and legal considerations for shipowners and charterers
Armin Fidler: Regierungsberater, Professor und Naturfan vorarlberg.orf.at - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vorarlberg.orf.at Daily Mail and Mail on Sunday newspapers.
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).
UAE Business: Clyde & Co, StormHarbour advise Shuaa-led consortium gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.