Dentons advises financiers on AED 760 million secured facility for Al Seer Marine

Dubai-Dentons has advised the financiers on a landmark AED 760 million, eight-year secured facility provided to Al Seer Marine (ASM), a leading maritime company based in the UAE. The facility was arranged by Abu Dhabi Commercial Bank (ADCB) and will support ASM's capital efficiency and next phase of growth.

The global Dentons team acted as legal counsel to the financiers, coordinating expertise from multiple jurisdictions, including the UAE, Singapore, Hong Kong, Germany, Liberia, Panama and the Cayman Islands to deliver comprehensive local law coverage and seamless cross-border execution.

Nathaniel Armstrong, who led Dentons' global team commented: "We are pleased to have supported the financiers in this significant transaction, which will enable Al Seer Marine to further strengthen its foundations and pursue its long-term vision. This facility is a testament to the strength of the UAE's maritime sector and the continued confidence of leading financial institutions in our global team at Dentons to deliver complex, cross-border financings such as this, which as the world's largest law firm we are uniquely positioned to help clients with."

The global Dentons team was led by Banking and Finance partner and Abu Dhabi office managing partner Nathaniel Armstrong with assistance from senior associate Shaakir Daud and associates Bayan Jafari-Eshaiker and Najeeb Gill. Local law support was provided by Dentons partners Janice Ngeow (in Dentons' Singapore office), Gordon Ng (in Dentons' Hong Kong office) and Axel Schlieter (in Dentons' Frankfurt office), and their respective teams.

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