This dedicated and experienced team of specialist asset finance lawyers has extensive knowledge of the asset finance and leasing industry. Clients include banks and other financial institutions, the captive leasing and asset finance subsidiaries of a number of UK and international banks, lessors finance brokers, intermediaries and lessees.

Addleshaw Goddard's Asset Finance team is committed to provide first class, comprehensive advice to clients involved in asset finance and leasing. This financial specialism of the firm effectively operates as two separate but complementary niche practices. Andrew Maskill's team in Manchester handles a broad range of domestic asset finance and leasing matters with a strong London / South East emphasis in terms of client base and source of instructions. Rory MacCarthy's team in London concentrates exclusively on international aviation financing and leasing for a strong domestic and international client base. 

The team undertakes a broad range of work, from complex structured transactions to tax, regulatory and compliance advice. We have experience of dealing with a very wide range of assets including electricity and power plants, wind turbines, computer hardware and software, industrial plant and machinery, fixtures, commercial vehicles, telecommunications equipment, medical equipment, aircraft, ships and railway assets. The structures often involve joint venture relationships between manufacturers, finance houses and lessees in relation to the sharing of risk in the assets and their use. 

The team advises on specialist areas including:

• Equipment leasing (including finance and operating leasing, hire purchase, and tax based structures)
  
• Financing of receivables (including sale and purchase of lease portfolios, due diligence in relation to the acquisition of leasing companies, invoice discounting and blocking)
  
• Energy / power projects (including "green" energy projects, CHP projects, and transactions under the affordable warmth programme)
  
• Funding of medical equipment (including PFI projects)
  
• Structuring, brokerage and introductions agreements, purchase agency, collection agency and sales agency arrangements
  
• Vendor programme agreements (including joint ventures and agency structures)
  
• Aviation and marine finance
  
• General asset based finance (including charges over equipment, receivables and bank accounts, buy-backs and residual value guarantees and risk sharing arrangements)
  
• Consumer credit and consumer hire (including compliance advice)

The asset finance team is also able to utilise the resources of other areas of expertise within the firm including tax, corporate, competition and the specialist aviation group.  Addleshaw Goddard is an associate member of The Finance and Leasing Association.


Clients and Experience

• BNP Paribas Lease Group plc                          
  
• CIT Group (UK) Limited                                                                 
  
• Deutsche Leasing (UK) Limited                                 
  
• Banc of America                
  
• Fortis Lease (UK) Limited
  
• GE
  
• Hitachi Capital (UK) plc                                                
  
• IBJ Leasing (UK) Limited 
  
• ING Car Lease                                                   
  
• ING Lease (UK) Limited                 
  
• JCB Finance                                                                                
  
• KBC Lease (UK) Limited                                                                 
  
• National Australia Group Europe Limited 
  
• Societe Generale Equipment Finance Limited                                 
  
• System Leasing & Rentals plc
  
• Universal Leasing Limited 

A sample of our recent experience:

• Acting for The Co-operative Bank plc in relation to its funding of assets into various Councils pursuant to the affordable warmth programme – undisclosed amount ( Andrew Maskill & Peter Jones)
  
• Acting for BAL Global Finance) Limited, Hitachi Capital (UK) plc, SG Equipment Finance Limited, ING Lease (UK) Limited and Bank of Scotland in relation to numerous financing programmes – names of vendors not disclosed
  
• Advising Clydesdale Bank plc and Yorkshire Bank plc in relation to numerous chattel, aircraft and marine mortgages (Peter Jones)
  
• Acting for Co-operative Bank in relation to asset funding for various hospital energy centre PFI transactions – undisclosed amount (Andrew Maskill, Peter Jones and Rebecca Williams)
  
• Acting for Shearings Group Limited on a £20m coach hire purchase facility
  
• Acting for a major newspaper publisher in its financing of £220m of new printing presses
  
• Acting for a key client in its £15.5m financing of new rolling stock to be operated in continental Europe.