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Announcements

Maples Group Launches Irish Asset Finance Offering in Singapore

04 May 2021

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The Maples Group is pleased to announce that it has expanded its Irish legal services offering in Asia with the launch of a new Irish Asset Finance practice in Singapore. The new Irish practice has been established to support aviation clients who increasingly require multi-jurisdictional and time zone sensitive legal advice on the ground in Asia.  Notably, this is the Group's fifth international location that offers Irish legal advice with experienced Irish lawyers based in its Cayman Islands, Ireland, London, Hong Kong and Singapore offices.

Led by James Kinsley, Singapore-based Finance Partner, the new practice will focus on Irish aviation finance, and uniquely, its lawyers can advise on aviation finance transactions across the laws of Ireland, the Cayman Islands and the British Virgin Islands. This unrivalled offering will be hugely attractive to clients and intermediary law firms with aviation finance transactions often requiring cross-jurisdictional legal expertise. Additionally, the team benefit from Mandarin and Japanese speakers, ensuring that the needs of local, as well as international clients, are provided for.

The new offering is a part of a long-term strategy to expand the Maples Group's market-leading Irish Asset Finance practice and follows Kinsley's secondment to the Group's Irish office where he worked alongside the Irish aviation team. The Irish Asset Finance practice, led by Partner, Donna Ager, is one of the largest specialist asset finance legal teams in the market with lawyers based in Ireland, London and Singapore. The team specialises in tax-efficient lease and debt structures, establishment and ongoing management of leasing and investment fund platforms in the transportation space, equity and debt capital markets products, as well as asset and whole business acquisitions and disposals with clients benefitting from the combined knowledge and experience of lawyers across multiple groups and offices in the Maples Group network. 

Commenting on the new offering, Donna said, "Over the past few years, there has been an increasing demand from our clients for specialist Irish legal capacity on the ground in Asia, particularly in the aviation sector. Through discussions with our clients and partners, we decided that despite the challenges that COVID-19 have presented to the aviation sector, it was the right time for us to expand our asset finance offering in Singapore. Our team are already busy advising clients on financing arrangements including strategic acquisitions and investments in the sector."

Commenting on the launch of the second Irish practice in Asia, Michael Gagie, Head of the Asia Finance practice and Regional Managing Partner - Asia said, "This is an exciting development for the Maples Group. Our enhanced offering demonstrates the Group's commitment to our Asia-based clients and intermediaries and underscores our collaborative approach to advising clients.  Hong Kong and Singapore are international hubs for cross-border finance and banking transactions and we anticipate that our Irish expertise and capabilities will continue to be in high demand across the Asia region." 

Ireland Managing Partner, Nicholas Butcher added, "This is an important development for our Irish and Asia practices and demonstrates the strong economic ties and connections between the two regions. This further expands our global Irish network and offers international clients access to Irish legal advice in multiple time zones suitable to their needs."

Outside of Asia, the Maples Group's Irish footprint in the aviation space was further expanded with the launch of its Irish owner trustee services for aircraft assets  in November 2020, demonstrating the Group's commitment to delivering a full suite of products and structuring options to its aviation clients.

In 2020, the Maples Group's Asia-based Irish Asset Finance team advised Ortus Aircraft Leasing Fund II, a $300 million aviation fund, on one of the industry's most innovative transactions, which was awarded Asia-Pacific Deal of the Year by the Airfinance Journal. 

 

 

Related Services

Asset Finance

Advising on the laws of the BVI, the Cayman Islands, Ireland, Jersey and Luxembourg, our global Asset Finance team provides expert legal advice on the utilisation of special purpose vehicles in asset financing structures as well as export credit agency supported transactions and commercial bank deals.  

In addition, we specialise in the registration of aircraft and security interests over private aircraft and corporate jets in the Cayman Islands and Luxembourg, as well as the registration of vessels in the BVI, the Cayman Islands, Luxembourg and the Marshall Islands. 

Aviation

Established over 40 years ago, our global Aviation Finance team of lawyers provide legal advice on the utilisation of BVI, Cayman Islands, Irish, Jersey and Luxembourg vehicles to employ bespoke products to maximise efficiency. 

Offering legal advice to a multitude of aircraft lessors, financiers, funds, investors, owners and operators, we act on export credit agency-supported financings for all of the major aircraft manufacturers as well as commercial bank and lessor supported debt deals.  We also regularly advise on the registration of aircraft in the Cayman Islands and Ireland and local registration of security interests