Practice Areas

Ship & Aircraft Finance

Ship & Aircraft Finance

Patrikios Legal deals with all matters relating to the registration of aircraft, ships and yachts under the Cypriot flag, as well as all Registry related transactions. The Firm represents ship owners, charterers, managers, airline companies, leasing companies, and many more.

Services include:

  • Processing of applications for all Registry transactions in Cyprus regarding ships, small vessels, and yachts.
  • Conducting searches on ship files kept with the Department of Merchant Shipping
  • Ship and yacht registration, including bareboat and parallel registration, deletion and transfer procedures
  • Transfer of vessel ownership, change of vessel name, etc
  • Registration of ship-owning and ship-management companies
  • Registration and deletion of ship mortgages in the Cyprus Ships Registry and the Registrar of Companies

Sample of Major Cases Handled

Advising on $50M Aircraft Financing Novation for a major London based law firm

A major law firm based in London requested our assistance and legal opinion on the novation of a USD 50 million aircraft financing transaction involving two aircrafts of an international leading provider of aircraft leasing services. We advised on the Cyprus aspect of amendments to existing financings, relating to the replacement of the current guarantor and finally issued a Cyprus law opinion to a French corporate and investment bank.

Legal Advisory for $50M Financing of 75m Motor Yacht by Swiss Bank

We have been involved in the financing of a 75 meter motor yacht and provided advice to the group and the Cyprus borrower and other group companies providing collateral in the form of share pledges, ship mortgage, general assignment and other. The loan facility, amounting USD 50 million, was made available by a large Swiss Bank.

Specialized Tax Advice for Airline's Aircraft Leasing Scheme Across UAE, Cyprus, Ireland

Advising a leading airline company in relation to the tax consequences arising out of a financing scheme concerning the leasing of Boeing and Airbus aircrafts, involving UAE, Cypriot and Irish entities. We provided specialised tax advice in relation to transfer pricing and VAT matters and other relevant taxes.

Practice Areas

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