Stephenson Harwood (Singapore) Alliance advises Oversea-Chinese Banking Corporation Limited on JOLCO

Finance | 25/04/2025

Stephenson Harwood (Singapore) Alliance has advised Oversea-Chinese Banking Corporation Limited (OCBC) on a Japanese Operating Lease with Call Option Financing Structure (JOLCO).

This transaction relates to the sale and leaseback with financing of a 9,000 TEU container vessel, in which the firm acted for OCBC alongside a container shipping group. Three i’s Capital Co., Ltd. were the equity underwriter on the transaction.

The Stephenson Harwood (Singapore) Alliance team was led by Singapore-based Partner Pedram Norton, who was supported by Associates Yin Ling Ng and Jonathan Simpson. Further Singapore law advice was provided by Virtus Law Partner Colin Jarraw, who was supported by Associate Jamie Loh and Senior Paralegal Sylvia Lisa.