"an extremely capable technician in terms of ship finance" with "pragmatic advice and excellent communication skills"
Chambers Asia Pacific (2018)

Overview

Maggie Cheung is a partner of Mayer Brown. She advises banks and other financial institutions on various ship finance and leasing transactions; preparing cross-border bilateral and syndicated loan documentation and advising on finance structures. She also advises on other shipping industry matters, including registrations, charterparties and insurances. She acts for shipowners in various vessels construction and sale and purchase transactions. Maggie also advises on offshore charitable trust structuring. Maggie speaks English, Cantonese and Mandarin.

Spoken Languages

  • English
  • Cantonese
  • Mandarin

Experience

  • Acting for syndication of lenders (led by Bank of Communications Co., Ltd. and China Merchants Bank Co., Ltd.) in a series of loan facilities to China Shipping for the financing of an aggregate of 26 new buildings.
  • Acting for syndication of lenders (led by Crédit Agricole Corporate and Investment Bank) in a US$150 million secured term loan facility to Genting Hong Kong Limited for the financing of a cruise ship.
  • Acting for a leading global bank in France and The Export-Import Bank of China on a US$48.8 million pre- and post-delivery term loan facility to Qingdao Zhenghe Shipping Group for the financing of 2 newbuildings with standby time charter and buy-back arrangement, and accession mechanism for additional lender and mandated lead arranger.
  • Acting for a PRC bank on a US$50 million term loan facility to SITC Hong Kong Shipping Enterprises Inc. on the refinancing of 7 container vessels with hell and high water time charter arrangement.
  • Acting for China Development Bank on a US$78 million secured pre- and post-delivery term loan facilities to Jiangsu Ocean Shipping Company Limited for the financing of four bulk carriers.
  • Acting for lender in a US$37 million secured term loan facility for the financing of two newbuildings.
  • Acting for syndication of lenders (led by Crédit Agricole Corporate and Investment Bank) in a US$522.648 million secured term loan facility to CITIC Pacific Limited for the financing of 12 newbuildings.
  • Acting for a lender in preparing a risk participation and subparticipation agreement of a US$118.188 million loan facility.
  • Acting for Japanese consortium (RasGas 3) in a $1.6 billion limited recourse financing involving eight LNG vessels, being the largest LNG limited recourse shipping deal ever completed in the market - "Asset Finance Deal of the Year 2006" by Asian Legal Business Awards.
  • Acting for syndication of lenders (led by Crédit Agricole Corporate and Investment Bank) in three off-balance sheet loan facilities involving seven tankers for Nanjing Tankers Corporation of China and setting up of off-shore charitable trust structures.
  • Acting for syndication of lenders (led by Crédit Agricole Corporate and Investment Bank) in a US$764 million fleet financing involving 20 tankers for Cido Shipping of Japan.
  • Acting for a Hong Kong company in the setting of a joint venture in Hong Kong for management and technical sub-management of vessels.
  • Acting as English and Hong Kong legal adviser for a syndication of lenders (led by Sumitomo Mitsui Banking Corporation) on a RMB 27.5 billion and RMB 1 billion senior and junior fleet financing involving six vessels for Cido Shipping of Japan.
  • Acting for a leading global bank in secured vessel financing for Great Eastern Shipping Company of India.
  • Acting for a Japanese company in the setting up of an offshore ship owning structure, involving incorporation of foreign companies and drafting of all relevant transaction and corporate documents.

Education

The University of Hong Kong, PCLL

The University of Hong Kong, LLB

Admissions

  • England and Wales
  • Hong Kong
  • Notable Practitioner - Banking, Hong Kong – IFLR1000 (2019)
  • Band 2 - China, Shipping: Finance (International Firms) – Chambers Global (2018, 2019)
  • Band 2 - China, Shipping: Finance (International Firms) – Chambers Asia Pacific (2016-2019)
  • Band 3 - China, Shipping: Finance (International Firms) – Chambers Asia Pacific (2013-2015)
  • Leading Practitioner: China (Shipping: Greater China International Firms) – Expert Guides (2012)
  • "very meticulous and careful about transactions," and "She is a very reasonable person, who knows how to compromise and close a deal." – Chambers Asia Pacific (2019)
  • "pragmatic advice and excellent communication skills." and "an extremely capable technician in terms of ship finance." – Chambers Asia Pacific (2018)
  • "her service is very good, and she responds very promptly." – Chambers Asia Pacific (2017)
  • "[Maggie Cheung] is a talented lawyer." – The Legal 500 Asia Pacific (2016)
  • "lawyers like her, clients like her - a very reasonable, efficient lawyer." – Chambers Asia Pacific (2016)
  • "The complexity of the transactions she handles is an indication of her deep, extensive experience." – Chambers Asia Pacific (2013)