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Tony Rice

Partner

Tony has over 30 years' specialised ship finance experience (both debt and equity) in London, Greece and Hong Kong. He has represented banks and other financial institutions, insurance companies, PE funds, export credit agencies, equity investors, Islamic funds, owners, operators and shipyards. Tony's work is principally in the area of complex structured cross-border finance transactions in shipping and offshore, though he also provides corporate and commercial shipping advice. He has been involved in some high profile restructurings and work-outs acting principally for the financiers. In recent years Tony has worked extensively for leading US private equity funds investing in the shipping industry, including on the acquisition of some high profile shipping portfolios (both distressed and performing) from leading shipping banks, and the subsequent successful workout of the acquired assets. His work has also included the establishment of strategic joint ventures between such private equity funds and shipowners or ship-managers, including their financing and development.

More about Tony

Tony has over 30 years' specialised ship finance experience (both debt and equity) in London, Greece and Hong Kong. He has represented banks and other financial institutions, insurance companies, PE funds, export credit agencies, equity investors, Islamic funds, owners, operators and shipyards. Tony's work is principally in the area of complex structured cross-border finance transactions in shipping and offshore, though he also provides corporate and commercial shipping advice. He has been involved in some high profile restructurings and work-outs acting principally for the financiers. In recent years Tony has worked extensively for leading US private equity funds investing in the shipping industry, including on the acquisition of some high profile shipping portfolios (both distressed and performing) from leading shipping banks, and the subsequent successful workout of the acquired assets. His work has also included the establishment of strategic joint ventures between such private equity funds and shipowners or ship-managers, including their financing and development.

Between the years 2017-2019, Tony was the global Head of Finance. Tony is currently head of the Firm's ECA finance team and represents banks and ECAs in non-marine (as well as marine) transactions with ECA support.

Tony is recommended as a leading lawyer in Chambers UK 2022 and highlighted for his substantial experience in financing tankers, off-take agreements and the restructuring of loan facilities. Clients say that "Tony is a very effective operator and a force to be reckoned with" Chambers 2022, and that "he is commercial, pragmatic and responsive" Legal 500 2022.

Along with Associate Ian Hughes, Tony contributed to the UK chapter "Getting the Deal Through Ship Finance" for each of the years 2015-2022, which contains international insights into all areas of ship and offshore finance and vessel ownership affecting the international shipping industry. It is available to download by clicking here.

London

Friary Court
65 Crutched Friars
London EC3N 2AE
United Kingdom

Office Telephone: +44 (0)20 7264 8000
Office Fax: +44 (0)20 7264 8888

Direct Dial (London): +44 (0)20 7264 8315

Mobile: +44 (0)7733 307305

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