Angeline Yap
Senior Associate at Virtus Law*
Angeline specialises in finance and corporate matters with a particular focus on the maritime industry and guides clients through complex transactions with pragmatic solutions.
Senior Associate at Virtus Law*
Angeline specialises in finance and corporate matters with a particular focus on the maritime industry and guides clients through complex transactions with pragmatic solutions.
Language - English
Jurisdiction - Singapore
Angeline is a Senior Associate at Virtus Law and helps leading vessel finance banks, ship owners, and operators through her wide practice which include financings, sale and leaseback transactions to mergers and acquisitions and corporate reorganisations.
As Angeline provides clear, concise and practical legal advice on a broad range of matters, Angeline is a versatile and reliable guide for her clients especially when dealing with multifaceted transactions. Her work with prominent names in the shipping and finance sectors establish her as an expert to assist with any complexities of maritime finance and corporate law.
*Virtus Law LLP (T13LL0339K) and Stephenson Harwood LLP (T13LL0821C) are registered as a Formal Law Alliance in Singapore under the name Stephenson Harwood (Singapore) Alliance. Both firms are registered in Singapore under the Limited Liability Partnership Act (Chapter 163A) with limited liability. The term "partner" is used to refer to a member in one of the constituent law firms.
Investment into a carbon credits exchange
Together with MHM Singapore, we assisted Mizuho Financial Group with respect to the Singapore law related issues relating to its investment in Climate Impact X, is a Singapore entity that operates a global marketplace, auctions house and exchange for carbon credits and, in addition to Mizuho, is jointly owned by DBS, Singapore Exchange, Standard Chartered and GenZero, a decarbonisation-focused investment platform founded by Temasek
Acquisition of leading transporter petrochemical gases and natural gas liquids
Assisted Seapeak LLC (Seapeak) on a US$700 million (enterprise value) all-cash acquisition of Evergas from Jaccar Holdings (Jaccar) via the acquisition of two Evergas entities in Singapore - Greenship Gas Trust, an unlisted business trust registered with the Monetary Authority of Singapore (MAS), and Greenship Gas Manager Pte. Ltd., its trustee-manager.
Conversion of $200m term loan and revolving credit facility to sustainability-linked loan
As part of the Stephenson Harwood (Singapore) Alliance, we advised a syndicate of lenders - comprising ABN AMRO Bank, ING Bank, TIAA FSB and Clifford Capital - on a US$240 million sustainability-linked loan to Peacock Container Group (Peacock) - – which has won the 'Transport Deal of the Year' award at The Asset Triple A Sustainable Infrastructure Awards 2023. This was the first financing deal of its kind in the tank leasing industry, and is part of Peacock's approach to better align its financing strategies with its long-term sustainability goals and values. The loan included specific sustainability terms, linking Peacock's cost of financing to its ESG scorecard issued by EcoVadis. This supports its ongoing actions to implement ESG principles across all aspects of its operations and business.
