CINXE.COM

<!doctype html> <html class="no-js" lang="en-GB"> <head> <meta charset="UTF-8"> <title>Alfredo Cabellos - Watson Farley & Williams</title> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1"> <meta name="HandheldFriendly" content="True"> <meta name="MobileOptimized" content="320"> <meta name="apple-mobile-web-app-capable" content="yes"> <meta name="apple-mobile-web-app-status-bar-style" content="black"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="format-detection" content="telephone=no"> <meta name="SKYPE_TOOLBAR" content="SKYPE_TOOLBAR_PARSER_COMPATIBLE"> <link rel="apple-touch-icon" sizes="57x57" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/apple-icon-57x57.png"> <link rel="apple-touch-icon" sizes="60x60" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/apple-icon-60x60.png"> <link rel="apple-touch-icon" sizes="72x72" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/apple-icon-72x72.png"> <link rel="apple-touch-icon" sizes="76x76" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/apple-icon-76x76.png"> <link rel="apple-touch-icon" sizes="114x114" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/apple-icon-114x114.png"> <link rel="apple-touch-icon" sizes="120x120" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/apple-icon-120x120.png"> <link rel="apple-touch-icon" sizes="144x144" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/apple-icon-144x144.png"> <link rel="apple-touch-icon" sizes="152x152" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/apple-icon-152x152.png"> <link rel="apple-touch-icon" sizes="180x180" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/apple-icon-180x180.png"> <link rel="icon" type="image/png" sizes="192x192" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/android-icon-36x36.png"> <link rel="icon" type="image/png" sizes="192x192" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/android-icon-48x48.png"> <link rel="icon" type="image/png" sizes="192x192" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/android-icon-72x72.png"> <link rel="icon" type="image/png" sizes="192x192" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/android-icon-96x96.png"> <link rel="icon" type="image/png" sizes="192x192" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/android-icon-144x144.png"> <link rel="icon" type="image/png" sizes="192x192" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/android-icon-192x192.png"> <link rel="icon" type="image/png" sizes="32x32" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/favicon-32x32.png"> <link rel="icon" type="image/png" sizes="96x96" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/favicon-96x96.png"> <link rel="icon" type="image/png" sizes="16x16" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/favicon-16x16.png"> <link rel="manifest" href="https://www.wfw.com/wp-content/themes/wfw/images/favicon/manifest.json"> <meta name="msapplication-TileColor" content="#ffffff"> <meta name="msapplication-TileImage" content="https://www.wfw.com/wp-content/themes/wfw/images/favicon/ms-icon-70x70.png"> <meta name="msapplication-TileImage" content="https://www.wfw.com/wp-content/themes/wfw/images/favicon/ms-icon-144x144.png"> <meta name="msapplication-TileImage" content="https://www.wfw.com/wp-content/themes/wfw/images/favicon/ms-icon-150x150.png"> <meta name="msapplication-TileImage" content="https://www.wfw.com/wp-content/themes/wfw/images/favicon/ms-icon-310x310.png"> <meta name="theme-color" content="#ffffff"> <meta name="referrer" content="no-referrer-when-downgrade"> <style type="text/css"> @font-face{ font-family:"Calibri W06"; src:url("/wp-content/themes/wfw/Fonts/17c31e5c-5784-4ae6-8cec-a6caed2afd3f.woff2") format("woff2"),url("/wp-content/themes/wfw/Fonts/0555dc6b-1bb5-4cdc-8975-756197067e95.woff") format("woff"); font-weight: 400; font-style: normal; font-display: swap; } @font-face{ font-family:"Calibri W06"; src:url("/wp-content/themes/wfw/Fonts/fdf371b8-1ed3-4c8c-a647-5c57f889f586.woff2") format("woff2"),url("/wp-content/themes/wfw/Fonts/42f91b8c-9815-4407-a659-bd79b1104da2.woff") format("woff"); font-weight: 400; font-style: italic; font-display: swap; } @font-face{ font-family:"Calibri W06"; src:url("/wp-content/themes/wfw/Fonts/69222be9-c9d5-4171-b3cd-f4c1697d4e75.woff2") format("woff2"),url("/wp-content/themes/wfw/Fonts/ac71c358-4cfa-4488-a823-3d4a086ab35c.woff") format("woff"); font-weight: 700; font-style: normal; font-display: swap; } @font-face{ font-family:"Calibri W06"; src:url("/wp-content/themes/wfw/Fonts/d3a0bdd1-8fef-4e49-a808-6bf63cc5ffd0.woff2") format("woff2"),url("/wp-content/themes/wfw/Fonts/f29d2fec-cc28-4d35-88a0-7c81385c6e79.woff") format("woff"); font-weight: 700; font-style: italic; } @font-face{ font-family:"Futura W01"; src:url("/wp-content/themes/wfw/Fonts/e17c7943-8db2-4470-9e2a-74a8d01f6776.woff2") format("woff2"),url("/wp-content/themes/wfw/Fonts/6c72b0cb-89a1-4da9-8574-9244967bd9d6.woff") format("woff"); font-weight: 500; font-style: normal; font-display: swap; } </style> <script type="text/javascript"> var MTIProjectId='54fe8e95-c4e4-4fc9-99d3-d3c4e67621f9'; (function() { var mtiTracking = document.createElement('script'); mtiTracking.type='text/javascript'; mtiTracking.async='true'; mtiTracking.src='mtiFontTrackingCode.js'; (document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild( mtiTracking ); })(); </script> <script> window.dataLayer = window.dataLayer || []; function gtag() { dataLayer.push(arguments); } gtag("consent", "default", { ad_user_data: "denied", ad_personalization: "denied", ad_storage: "denied", analytics_storage: "denied", functionality_storage: "denied", personalization_storage: "denied", security_storage: "granted", wait_for_update: 500, }); gtag("set", "ads_data_redaction", true); gtag("set", "url_passthrough", true); </script> <script> (function (w, d, s, l, i) { w[l] = w[l] || []; w[l].push({'gtm.start':new Date().getTime(), event: 'gtm.js'}); var f = d.getElementsByTagName(s)[0], j = d.createElement(s), dl = l !== 'dataLayer' ? '&l=' + l : ''; j.async = true; j.src = 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; f.parentNode.insertBefore(j, f);})( window, document, 'script', 'dataLayer', 'GTM-WPBXG42' ); </script> <meta name='robots' content='index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1' />  <meta name="description" content="Alfredo Cabellos is a transport sector specialist, with extensive expertise in ship, aviation and rail finance." /> <link rel="canonical" href="https://www.wfw.com/people/alfredo-cabellos/" /> <meta property="og:locale" content="en_GB" /> <meta property="og:type" content="article" /> <meta property="og:title" content="Alfredo Cabellos" /> <meta property="og:description" content="Alfredo Cabellos is a transport sector specialist, with extensive expertise in ship, aviation and rail finance." /> <meta property="og:url" content="https://www.wfw.com/people/alfredo-cabellos/" /> <meta property="og:site_name" content="Watson Farley & Williams" /> <meta property="article:publisher" content="https://www.facebook.com/watsonfarleywilliams" /> <meta property="article:modified_time" content="2024-09-10T15:45:05+00:00" /> <meta property="og:image" content="https://www.wfw.com/wp-content/uploads/2021/10/Alfredo-Cabellos-2.jpg" /> <meta property="og:image:width" content="450" /> <meta property="og:image:height" content="594" /> <meta property="og:image:type" content="image/jpeg" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:site" content="@WFW_LLP" /> <meta name="twitter:label1" content="Estimated reading time" /> <meta name="twitter:data1" content="4 minutes" />  <link rel='dns-prefetch' href='//hcaptcha.com' /> <script type="text/javascript"> /* <![CDATA[ */ window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/www.wfw.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.6.2"}}; /*! This file is auto-generated */ !function(i,n){var o,s,e;function c(e){try{var t={supportTests:e,timestamp:(new Date).valueOf()};sessionStorage.setItem(o,JSON.stringify(t))}catch(e){}}function p(e,t,n){e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(t,0,0);var t=new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data),r=(e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(n,0,0),new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data));return t.every(function(e,t){return e===r[t]})}function u(e,t,n){switch(t){case"flag":return n(e,"\ud83c\udff3\ufe0f\u200d\u26a7\ufe0f","\ud83c\udff3\ufe0f\u200b\u26a7\ufe0f")?!1:!n(e,"\ud83c\uddfa\ud83c\uddf3","\ud83c\uddfa\u200b\ud83c\uddf3")&&!n(e,"\ud83c\udff4\udb40\udc67\udb40\udc62\udb40\udc65\udb40\udc6e\udb40\udc67\udb40\udc7f","\ud83c\udff4\u200b\udb40\udc67\u200b\udb40\udc62\u200b\udb40\udc65\u200b\udb40\udc6e\u200b\udb40\udc67\u200b\udb40\udc7f");case"emoji":return!n(e,"\ud83d\udc26\u200d\u2b1b","\ud83d\udc26\u200b\u2b1b")}return!1}function f(e,t,n){var r="undefined"!=typeof WorkerGlobalScope&&self instanceof WorkerGlobalScope?new OffscreenCanvas(300,150):i.createElement("canvas"),a=r.getContext("2d",{willReadFrequently:!0}),o=(a.textBaseline="top",a.font="600 32px Arial",{});return e.forEach(function(e){o[e]=t(a,e,n)}),o}function t(e){var t=i.createElement("script");t.src=e,t.defer=!0,i.head.appendChild(t)}"undefined"!=typeof Promise&&(o="wpEmojiSettingsSupports",s=["flag","emoji"],n.supports={everything:!0,everythingExceptFlag:!0},e=new Promise(function(e){i.addEventListener("DOMContentLoaded",e,{once:!0})}),new Promise(function(t){var n=function(){try{var e=JSON.parse(sessionStorage.getItem(o));if("object"==typeof e&&"number"==typeof e.timestamp&&(new Date).valueOf()<e.timestamp+604800&&"object"==typeof e.supportTests)return e.supportTests}catch(e){}return null}();if(!n){if("undefined"!=typeof Worker&&"undefined"!=typeof OffscreenCanvas&&"undefined"!=typeof URL&&URL.createObjectURL&&"undefined"!=typeof Blob)try{var e="postMessage("+f.toString()+"("+[JSON.stringify(s),u.toString(),p.toString()].join(",")+"));",r=new Blob([e],{type:"text/javascript"}),a=new Worker(URL.createObjectURL(r),{name:"wpTestEmojiSupports"});return void(a.onmessage=function(e){c(n=e.data),a.terminate(),t(n)})}catch(e){}c(n=f(s,u,p))}t(n)}).then(function(e){for(var t in e)n.supports[t]=e[t],n.supports.everything=n.supports.everything&&n.supports[t],"flag"!==t&&(n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&n.supports[t]);n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&!n.supports.flag,n.DOMReady=!1,n.readyCallback=function(){n.DOMReady=!0}}).then(function(){return e}).then(function(){var e;n.supports.everything||(n.readyCallback(),(e=n.source||{}).concatemoji?t(e.concatemoji):e.wpemoji&&e.twemoji&&(t(e.twemoji),t(e.wpemoji)))}))}((window,document),window._wpemojiSettings); /* ]]> */ </script> <style id='wp-emoji-styles-inline-css' type='text/css'> img.wp-smiley, img.emoji { display: inline !important; border: none !important; box-shadow: none !important; height: 1em !important; width: 1em !important; margin: 0 0.07em !important; vertical-align: -0.1em !important; background: none !important; padding: 0 !important; } </style> <style id='global-styles-inline-css' type='text/css'> :root{--wp--preset--aspect-ratio--square: 1;--wp--preset--aspect-ratio--4-3: 4/3;--wp--preset--aspect-ratio--3-4: 3/4;--wp--preset--aspect-ratio--3-2: 3/2;--wp--preset--aspect-ratio--2-3: 2/3;--wp--preset--aspect-ratio--16-9: 16/9;--wp--preset--aspect-ratio--9-16: 9/16;--wp--preset--color--black: #000000;--wp--preset--color--cyan-bluish-gray: #abb8c3;--wp--preset--color--white: #ffffff;--wp--preset--color--pale-pink: #f78da7;--wp--preset--color--vivid-red: #cf2e2e;--wp--preset--color--luminous-vivid-orange: #ff6900;--wp--preset--color--luminous-vivid-amber: #fcb900;--wp--preset--color--light-green-cyan: #7bdcb5;--wp--preset--color--vivid-green-cyan: #00d084;--wp--preset--color--pale-cyan-blue: #8ed1fc;--wp--preset--color--vivid-cyan-blue: #0693e3;--wp--preset--color--vivid-purple: #9b51e0;--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple: linear-gradient(135deg,rgba(6,147,227,1) 0%,rgb(155,81,224) 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan: linear-gradient(135deg,rgb(122,220,180) 0%,rgb(0,208,130) 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange: linear-gradient(135deg,rgba(252,185,0,1) 0%,rgba(255,105,0,1) 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red: linear-gradient(135deg,rgba(255,105,0,1) 0%,rgb(207,46,46) 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray: linear-gradient(135deg,rgb(238,238,238) 0%,rgb(169,184,195) 100%);--wp--preset--gradient--cool-to-warm-spectrum: linear-gradient(135deg,rgb(74,234,220) 0%,rgb(151,120,209) 20%,rgb(207,42,186) 40%,rgb(238,44,130) 60%,rgb(251,105,98) 80%,rgb(254,248,76) 100%);--wp--preset--gradient--blush-light-purple: linear-gradient(135deg,rgb(255,206,236) 0%,rgb(152,150,240) 100%);--wp--preset--gradient--blush-bordeaux: linear-gradient(135deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);--wp--preset--gradient--luminous-dusk: linear-gradient(135deg,rgb(255,203,112) 0%,rgb(199,81,192) 50%,rgb(65,88,208) 100%);--wp--preset--gradient--pale-ocean: linear-gradient(135deg,rgb(255,245,203) 0%,rgb(182,227,212) 50%,rgb(51,167,181) 100%);--wp--preset--gradient--electric-grass: linear-gradient(135deg,rgb(202,248,128) 0%,rgb(113,206,126) 100%);--wp--preset--gradient--midnight: linear-gradient(135deg,rgb(2,3,129) 0%,rgb(40,116,252) 100%);--wp--preset--font-size--small: 13px;--wp--preset--font-size--medium: 20px;--wp--preset--font-size--large: 36px;--wp--preset--font-size--x-large: 42px;--wp--preset--spacing--20: 0.44rem;--wp--preset--spacing--30: 0.67rem;--wp--preset--spacing--40: 1rem;--wp--preset--spacing--50: 1.5rem;--wp--preset--spacing--60: 2.25rem;--wp--preset--spacing--70: 3.38rem;--wp--preset--spacing--80: 5.06rem;--wp--preset--shadow--natural: 6px 6px 9px rgba(0, 0, 0, 0.2);--wp--preset--shadow--deep: 12px 12px 50px rgba(0, 0, 0, 0.4);--wp--preset--shadow--sharp: 6px 6px 0px rgba(0, 0, 0, 0.2);--wp--preset--shadow--outlined: 6px 6px 0px -3px rgba(255, 255, 255, 1), 6px 6px rgba(0, 0, 0, 1);--wp--preset--shadow--crisp: 6px 6px 0px rgba(0, 0, 0, 1);}:where(.is-layout-flex){gap: 0.5em;}:where(.is-layout-grid){gap: 0.5em;}body .is-layout-flex{display: flex;}.is-layout-flex{flex-wrap: wrap;align-items: center;}.is-layout-flex > :is(*, div){margin: 0;}body .is-layout-grid{display: grid;}.is-layout-grid > :is(*, div){margin: 0;}:where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;}:where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;}.has-black-color{color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-color{color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-color{color: var(--wp--preset--color--white) !important;}.has-pale-pink-color{color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-color{color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-color{color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-color{color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-color{color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-color{color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-color{color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-color{color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-color{color: var(--wp--preset--color--vivid-purple) !important;}.has-black-background-color{background-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-background-color{background-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-background-color{background-color: var(--wp--preset--color--white) !important;}.has-pale-pink-background-color{background-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-background-color{background-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-background-color{background-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-background-color{background-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-background-color{background-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-background-color{background-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-background-color{background-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-background-color{background-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-background-color{background-color: var(--wp--preset--color--vivid-purple) !important;}.has-black-border-color{border-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-border-color{border-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-border-color{border-color: var(--wp--preset--color--white) !important;}.has-pale-pink-border-color{border-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-border-color{border-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-border-color{border-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-border-color{border-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-border-color{border-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-border-color{border-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-border-color{border-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-border-color{border-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-border-color{border-color: var(--wp--preset--color--vivid-purple) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background: var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background: var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background: var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background: var(--wp--preset--gradient--cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background: var(--wp--preset--gradient--blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background: var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background: var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size: var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size: var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size: var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size: var(--wp--preset--font-size--x-large) !important;} :where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;} :where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;} :root :where(.wp-block-pullquote){font-size: 1.5em;line-height: 1.6;} </style> <link rel='stylesheet' id='contact-form-7-css' href='https://www.wfw.com/wp-content/plugins/contact-form-7/includes/css/styles.css?ver=6.0' media='all' /> <link rel='stylesheet' id='wpcf7-redirect-script-frontend-css' href='https://www.wfw.com/wp-content/plugins/wpcf7-redirect/build/css/wpcf7-redirect-frontend.min.css?ver=1.1' media='all' /> <link rel='stylesheet' id='search-filter-plugin-styles-css' href='https://www.wfw.com/wp-content/plugins/search-filter-pro/public/assets/css/search-filter.min.css?ver=2.5.19' media='all' /> <link rel='stylesheet' id='tjldesigns-css-main-css' href='https://www.wfw.com/wp-content/themes/wfw/style.css?ver=1731919598' media='' /> <link rel='stylesheet' id='tjldesigns-css-aos-css' href='https://www.wfw.com/wp-content/themes/wfw/js/aos.css?ver=1.0' media='all' /> <link rel='stylesheet' id='fancybox-css' href='https://www.wfw.com/wp-content/plugins/easy-fancybox/fancybox/1.5.4/jquery.fancybox.css?ver=1732347170' media='screen' /> <link rel='stylesheet' id='tablepress-default-css' href='https://www.wfw.com/wp-content/tablepress-combined.min.css?ver=530' media='all' /> <link rel='stylesheet' id='tablepress-responsive-tables-css' href='https://www.wfw.com/wp-content/plugins/tablepress-responsive-tables/css/tablepress-responsive.min.css?ver=1.8' media='all' /> <script type="text/javascript" src="https://www.wfw.com/wp-includes/js/jquery/jquery.min.js?ver=3.7.1" id="jquery-core-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-includes/js/jquery/jquery-migrate.min.js?ver=3.4.1" id="jquery-migrate-js"></script> <link rel="https://api.w.org/" href="https://www.wfw.com/wp-json/" /><link rel="alternate" title="oEmbed (JSON)" type="application/json+oembed" href="https://www.wfw.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fwww.wfw.com%2Fpeople%2Falfredo-cabellos%2F" /> <link rel="alternate" title="oEmbed (XML)" type="text/xml+oembed" href="https://www.wfw.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fwww.wfw.com%2Fpeople%2Falfredo-cabellos%2F&format=xml" />  <script type="application/ld+json">[{"@context":"http:\/\/schema.org\/","@type":"WPHeader","url":"https:\/\/www.wfw.com","headline":"Alfredo Cabellos","description":"An international sector-focussed law firm, with deep industry knowledge across energy, infrastructure and transport"},{"@context":"http:\/\/schema.org\/","@type":"WPFooter","url":"https:\/\/www.wfw.com","headline":"Alfredo Cabellos","description":"An international sector-focussed law firm, with deep industry knowledge across energy, infrastructure and transport","copyrightYear":"2019"}]</script> <style> .h-captcha{position:relative;display:block;margin-bottom:2rem;padding:0;clear:both}.h-captcha[data-size="normal"]{width:303px;height:78px}.h-captcha[data-size="compact"]{width:164px;height:144px}.h-captcha[data-size="invisible"]{display:none}.h-captcha::before{content:'';display:block;position:absolute;top:0;left:0;background:url(https://www.wfw.com/wp-content/plugins/hcaptcha-for-forms-and-more/assets/images/hcaptcha-div-logo.svg) no-repeat;border:1px solid #fff0;border-radius:4px}.h-captcha[data-size="normal"]::before{width:300px;height:74px;background-position:94% 28%}.h-captcha[data-size="compact"]::before{width:156px;height:136px;background-position:50% 79%}.h-captcha[data-theme="light"]::before,body.is-light-theme .h-captcha[data-theme="auto"]::before,.h-captcha[data-theme="auto"]::before{background-color:#fafafa;border:1px solid #e0e0e0}.h-captcha[data-theme="dark"]::before,body.is-dark-theme .h-captcha[data-theme="auto"]::before,html.wp-dark-mode-active .h-captcha[data-theme="auto"]::before,html.drdt-dark-mode .h-captcha[data-theme="auto"]::before{background-image:url(https://www.wfw.com/wp-content/plugins/hcaptcha-for-forms-and-more/assets/images/hcaptcha-div-logo-white.svg);background-repeat:no-repeat;background-color:#333;border:1px solid #f5f5f5}.h-captcha[data-size="invisible"]::before{display:none}.h-captcha iframe{position:relative}div[style*="z-index: 2147483647"] div[style*="border-width: 11px"][style*="position: absolute"][style*="pointer-events: none"]{border-style:none} </style>  <script type="application/ld+json">{ "@context": "http://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@id": "https://www.wfw.com", "name": "Home" } }, { "@type": "ListItem", "position": 2, "item": { "@id": "https://www.wfw.com/people/", "name": "People" } }, { "@type": "ListItem", "position": 3, "item": { "@id": "https://www.wfw.com/people/alfredo-cabellos/", "name": "Alfredo Cabellos", "image": "https://www.wfw.com/wp-content/uploads/2021/10/Alfredo-Cabellos-2.jpg" } } ] }</script> <style> span[data-name="hcap-cf7"] .h-captcha{margin-bottom:0}span[data-name="hcap-cf7"]~input[type="submit"],span[data-name="hcap-cf7"]~button[type="submit"]{margin-top:2rem} </style> <style type="text/css" id="wp-custom-css"> .page-id-30074 .careers_jobs_holder .searchandfilter > ul > li:last-child { float: none; } .dataTables_paginate a { color: #115e67 !important; } p.custom-indent { text-indent:60px; } .postid-38147 #people_left h1 { font: bold 2em/110% 'Calibri W06', Arial, sans-serif; } .postid-38147 #people_right h4 { font-family: 'Calibri W06', Arial, sans-serif; font-size: 1.15em; } @media (max-width: 420px) { .postid-38147 #people_left h1 { font-size: 1.3em; } } </style> <script type="text/plain" data-cookieconsent="statistics"> (function(c,l,a,r,i,t,y){ c[a]=c[a]||function(){(c[a].q=c[a].q||[]).push(arguments)}; t=l.createElement(r);t.async=1;t.src="https://www.clarity.ms/tag/"+i; y=l.getElementsByTagName(r)[0];y.parentNode.insertBefore(t,y); })(window, document, "clarity", "script", "cq3cwbyorb"); </script>  <script type="text/javascript">(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-WPBXG42');</script>  <script type="text/plain" data-cookieconsent="marketing">!function(r){var i=document.createElement("img");i.setAttribute("src","//wfw.vuture.net/security/tracker.gif?referer="+encodeURIComponent(r))}(document.referrer);</script> </head> <body data-rsssl=1 class="people-template-default single single-people postid-1942 alfredo-cabellos">  <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-WPBXG42" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>  <div id="mc-overall-wrapper"> <header id="header_main" role="banner"> <a href="#" id="menu-expertise" class="menu-icon">Expertise</a> <a href="#" id="menu-main" class="menu-icon">Menu</a> <a href="https://www.wfw.com/" id="logo_wfw">Watson Farley & Williams</a> <form name="search_form" role="search" method="get" class="search_form" action="/search/" autocomplete="off"> <input type="text" class="search_form_text" name="_sf_s" placeholder="Search" id="input_keyword"> <input type="submit" value="Search" class="search_form_submit"> </form> </header> <div id="menu_hide_content"> <section role="main" class="clearfix"> <div class="container clearfix panel_grey"> <div id="people_menu" class="clearfix"> <nav role="navigation" class="people_menu_blocks"> <ul class="people_menu_blocks_en people_menu_blocks_active"> <li class="people_menu_blocks_en_bio"><a href="#people_bio_en" class="active">Bio</a></li> <li><a href="#people_experience_en">Experience</a></li> <li><a href="#people_background_en">Background</a></li> <li><a href="#people_insights_en">Insights</a></li> </ul> <ul class="people_menu_blocks_es"> <li class="people_menu_blocks_es_bio"><a href="#people_bio_es" class="active">Biografía</a></li> <li><a href="#people_experience_es">Experiencia</a></li> <li><a href="#people_background_es">Educación</a></li> <li><a href="#people_insights_es">Actualidad</a></li> </ul> </nav> <nav role="navigation" id="people_menu_lang"> <ul> <li><a href="en" class="active" rel="nofollow">EN</a></li> <li><a href="es" rel="nofollow">ES</a></li> </ul> </nav> </div> <div id="people_back"><a href="/people/" class="button_outline">Search people directory</a></div> <div class="clearfix" id="people_layout"> <div id="people_left" class="clearfix"> <div id="people_left_img"> <img class="people_left_img_mob" src="https://www.wfw.com/wp-content/uploads/2023/06/Alfredo-Cabellos-1.jpg" alt="Alfredo Cabellos"> <img src="https://www.wfw.com/wp-content/uploads/2021/10/Alfredo-Cabellos-2.jpg" alt="Alfredo Cabellos" class="people_left_img_desktop"> </div> <div id="people_left_stats"> <h1>Alfredo Cabellos</h1> <p class="people_left_stats_job">Partner <a href="/locations/?list=city&city=22#city_22">Madrid</a></p> <p class="people_left_stats_phone"><span>T: <a href="tel:+34 91 515 6340">+34 91 515 6340</a></span> </p> <ul class="people_left_stats_ctas"> <li class="people_left_stats_ctas_email"><a href="mailto:acabellos@wfw.com" onclick="gtag('event', 'click', { 'event_category': 'link','event_label': 'profile mailto - main profile - Alfredo Cabellos'});">Email</a></li> <li class="people_left_stats_ctas_linkedin"><a href="https://www.linkedin.com/in/alfredo-cabellos-ballenilla-a913779/" target="_blank">Follow on LinkedIn</a></li> <li class="people_left_stats_ctas_vcard"><a href="/vcard.php?id=1942">Download vcard</a></li> <li class="people_left_stats_ctas_pdf"><a data-href="/pdf-builder.php?id=1942&type=cv" target="_blank" rel="nofollow" class="pdf_builder_link">Download PDF</a></li> </ul> </div> </div> <div id="people_right"> <div id="people_menu_mob"> <a id="people_menu_mob_toggle" href="#">More information</a> <div id="people_menu_mob_reveal"> <nav role="navigation" class="people_menu_blocks"> <ul class="people_menu_blocks_en people_menu_blocks_active"> <li class="people_menu_blocks_en_bio"><a href="#people_bio_en" class="active">Bio</a></li> <li><a href="#people_experience_en">Experience</a></li> <li><a href="#people_background_en">Background</a></li> <li><a href="#people_insights_en">Insights</a></li> </ul> <ul class="people_menu_blocks_es"> <li class="people_menu_blocks_es_bio"><a href="#people_bio_es" class="active">Biografía</a></li> <li><a href="#people_experience_es">Experiencia</a></li> <li><a href="#people_background_es">Educación</a></li> <li><a href="#people_insights_es">Actualidad</a></li> </ul> </nav> </div> </div> <div id="people_right_en" class="people_right_holder people_right_active"> <div class="people_reveal_bio people_reveal people_reveal_active" id="people_bio_en"> <div class="people_bio_mask" id="people_bio_mask_en"> <div class="post_wysiwyg"><h4>Alfredo is a Partner in the Asset Finance Group.</h4> <p>He is a <a href="/sectors/transport/">transport sector</a> specialist, with extensive expertise in ship, aviation and rail finance. He advises both domestic and international financial institutions, lessors, shipowners and airlines on a wide variety of matters including tax-driven structured transactions (Spanish tax leases and operating leases) and export finance. He also advises several aircraft and helicopter lessors in a variety of structures involving Spanish lessees.</p> <p>Alfredo is experienced in advising on the financing of port terminals, ship arrest, regulatory matters, aircraft repossession and arbitrations relating to ship building contract disputes.</p> <p>He is recommended as a leading transport finance lawyer by legal directories Chambers Europe and Legal 500 EMEA. In 2019, Chambers described Alfredo as an “<em>exceptional maritime lawyer</em>” who has a “<em>very thorough knowledge of the sector and is able to explain complicated concepts</em>“.</p> </div> </div> <a class="people_related_areas_toggle_mob button_outline" href="en">Show key areas</a> <div class="people_related_mask" id="people_related_en"> <ul class="people_related_areas clearfix"><li><a href="https://www.wfw.com/sectors/transport/aviation/aerospace/">Aerospace</a></li><li><a href="https://www.wfw.com/sectors/transport/aviation/airlines/">Airlines</a></li><li><a href="https://www.wfw.com/sectors/transport/aviation/airports/">Airports</a></li><li><a href="https://www.wfw.com/services/finance/asset-finance/">Asset Finance and Leasing</a></li><li><a href="https://www.wfw.com/sectors/transport/aviation/">Aviation</a></li><li><a href="https://www.wfw.com/sectors/transport/maritime/commercial-shipping/">Commercial Shipping</a></li><li><a href="https://www.wfw.com/sectors/transport/maritime/containers-and-logistics/">Containers and Logistics</a></li><li><a href="https://www.wfw.com/sectors/transport/aviation/corporate-jets/">Corporate Jets</a></li><li><a href="https://www.wfw.com/sectors/transport/maritime/cruise-ferries/">Cruise</a></li><li><a href="https://www.wfw.com/services/finance/eca-finance/">ECA Finance</a></li><li><a href="https://www.wfw.com/services/finance/asset-finance/">Finance</a></li><li><a href="https://www.wfw.com/sectors/transport/aviation/helicopters/">Helicopters</a></li><li><a href="https://www.wfw.com/sectors/infrastructure/">Infrastructure</a></li><li><a href="https://www.wfw.com/services/finance/islamic-finance/">Islamic Finance</a></li><li><a href="https://www.wfw.com/sectors/transport/maritime/">Maritime</a></li><li><a href="https://www.wfw.com/sectors/transport/maritime/ports-terminals/">Ports and Terminals</a></li><li><a href="https://www.wfw.com/services/private-equity/">Private Equity</a></li><li><a href="https://www.wfw.com/services/finance/project-finance/">Project Finance</a></li><li><a href="https://www.wfw.com/sectors/transport/rail/">Rail</a></li><li><a href="https://www.wfw.com/services/restructuring-insolvency/">Restructuring and Insolvency</a></li><li><a href="https://www.wfw.com/services/capital-markets/structured-finance/">Structured Finance</a></li><li><a href="https://www.wfw.com/sectors/transport/">Transport</a></li></ul> </div> <p class="people_related_areas_toggle"><a href="en" class="button_outline">Show key areas</a></p> </div> <div class="people_reveal" id="people_experience_en"> <ul class="people_reveal_list"> <li>Advising Havila Kystruten on their Spanish tax lease structure and the dispute against a Spanish yard on a shipbuilding contract cancellation.</li> <li>Advising a United States lessor on their potential acquisition of cargo aircraft to be operated by a Spanish airline.</li> <li>Advising a syndicate of Spanish and foreign banks on the ECA backed financing to a port terminal in Brazil.</li> <li>Advising a Spanish bank in two ECA backed sovereign loans in Africa.</li> <li>Advising a Spanish fund in an innovative equity structure in relation to two new Airbus aircraft for a European flag carrier.</li> </ul> </div> <div class="people_reveal_background people_reveal" id="people_background_en"> <div class="people_background_block"> <h2>Education</h2> <ol> <li>1999 · DESS Droit du Commerce International, Paris X Université</li> <li>1997 – 1999 · Master in EU Law, Universidad Carlos III</li> <li>1996 · Law Degree, Universidad Complutense de Madrid</li> </ol> </div> <div class="people_background_block"> <h2>memberships & associations</h2> <ol> <li>Madrid Bar Association</li> <li>Spanish Association of Maritime Law</li> </ol> </div> </div> <div class="people_reveal" id="people_insights_en"> <ul class="people_reveal_list"><li class="people_experience_link clearfix"><a href="https://www.wfw.com/press/wfw-advises-investec-on-refinancing-of-12-helicopters/"><strong>Press</strong><span>WFW advises Investec on refinancing of 12 helicopters</span></a></li><li class="people_experience_link clearfix"><a href="https://www.wfw.com/press/wfw-advises-alpha-trains-on-e1-3bn-debt-refinancing/"><strong>Press</strong><span>WFW advises Alpha Trains on €1.3bn debt refinancing</span></a></li><li class="people_experience_link clearfix"><a href="https://www.wfw.com/articles/aquaculture-overview-of-the-ma-practice-in-spain/"><strong>Article</strong><span>Aquaculture: overview of the M&A practice in Spain</span></a></li><li class="people_experience_link clearfix"><a href="https://www.wfw.com/awards/wfw-deals-win-big-at-ijglobal-deal-of-the-year-awards-2022/"><strong>Award</strong><span>WFW deals win big at IJGlobal Deal of the Year Awards 2022</span></a></li><li class="people_experience_link clearfix"><a href="https://www.wfw.com/articles/aquaculture-in-spain-an-introduction/"><strong>Article</strong><span>Aquaculture in Spain: An introduction</span></a></li></ul><p class="people_news_more"><a href="/insights/?_sfm_post_people=1942" class="button_outline">View more</a></p> </div> </div> <div id="people_right_es" class="people_right_holder"> <div class="people_reveal_bio people_reveal people_reveal_active" id="people_bio_es"> <div class="people_bio_mask" id="people_bio_mask_es"> <div class="post_wysiwyg"><h4>Alfredo es Socio del departamento de Financiación de Activos.</h4> <p>Alfredo se dedica al sector de <a href="/sectors/transport/">Transporte</a>, especializado en la financiación de buques, aeronaves y material rodante ferroviario. Asesora tanto a entidades financieras nacionales como internacionales, arrendadores, armadores y aerolíneas en toda clase de financiaciones, con componente fiscal incluido (Tax Leases, Leasing Operativo) y financiación a la exportación. También asesora a arrendadores de aeronaves y helicópteros en varios tipos de estructuras en las que están involucrados arrendatarios españoles.</p> <p>Tiene amplia experiencia en financiación de terminales portuarios, embargo de buques, derecho administrativo, reposesión de aeronaves y arbitraje ligado a disputas bajo contratos de construcción.</p> <p>Tanto Chambers Europe como Legal 500 reconocen a Alfredo como un experto en financiación de activos en el sector de Transporte. En 2019, Chambers le describe como un “<em>abogado excepcional en el sector marítimo” </em>con <em>“un inmenso conocimiento del sector y la capacidad de explicar concepto complicados</em>”.</p> </div> </div> <a class="people_related_areas_toggle_mob button_outline" href="es">Show key areas</a> <div class="people_related_mask" id="people_related_es"> <ul class="people_related_areas clearfix"><li><a href="https://www.wfw.com/sectors/transport/aviation/aerospace/">Aerospace</a></li><li><a href="https://www.wfw.com/sectors/transport/aviation/airlines/">Airlines</a></li><li><a href="https://www.wfw.com/sectors/transport/aviation/airports/">Airports</a></li><li><a href="https://www.wfw.com/services/finance/asset-finance/">Asset Finance and Leasing</a></li><li><a href="https://www.wfw.com/sectors/transport/aviation/">Aviation</a></li><li><a href="https://www.wfw.com/sectors/transport/maritime/commercial-shipping/">Commercial Shipping</a></li><li><a href="https://www.wfw.com/sectors/transport/maritime/containers-and-logistics/">Containers and Logistics</a></li><li><a href="https://www.wfw.com/sectors/transport/aviation/corporate-jets/">Corporate Jets</a></li><li><a href="https://www.wfw.com/sectors/transport/maritime/cruise-ferries/">Cruise</a></li><li><a href="https://www.wfw.com/services/finance/eca-finance/">ECA Finance</a></li><li><a href="https://www.wfw.com/services/finance/asset-finance/">Finance</a></li><li><a href="https://www.wfw.com/sectors/transport/aviation/helicopters/">Helicopters</a></li><li><a href="https://www.wfw.com/sectors/infrastructure/">Infrastructure</a></li><li><a href="https://www.wfw.com/services/finance/islamic-finance/">Islamic Finance</a></li><li><a href="https://www.wfw.com/sectors/transport/maritime/">Maritime</a></li><li><a href="https://www.wfw.com/sectors/transport/maritime/ports-terminals/">Ports and Terminals</a></li><li><a href="https://www.wfw.com/services/private-equity/">Private Equity</a></li><li><a href="https://www.wfw.com/services/finance/project-finance/">Project Finance</a></li><li><a href="https://www.wfw.com/sectors/transport/rail/">Rail</a></li><li><a href="https://www.wfw.com/services/restructuring-insolvency/">Restructuring and Insolvency</a></li><li><a href="https://www.wfw.com/services/capital-markets/structured-finance/">Structured Finance</a></li><li><a href="https://www.wfw.com/sectors/transport/">Transport</a></li></ul> </div> <p class="people_related_areas_toggle"><a href="es" class="button_outline">Show key areas</a></p> </div> <div class="people_reveal" id="people_experience_es"> <ul class="people_reveal_list"> <li>Asesoramiento a Havila Kystruten sobre su estructura de arrendamiento fiscal en España y el litigio contra un astillero español sobre la cancelación de un contrato de construcción naval.</li> <li>Asesoramiento a un arrendador estadounidense sobre su potencial adquisición de aviones de carga para ser operados por una aerolínea española.</li> <li>Asesoramiento a un sindicato de bancos españoles y extranjeros en la financiación de una terminal portuaria en Brasil con el respaldo de la ECA.</li> <li>Asesoramiento a un banco español en 2 préstamos soberanos respaldados por la ECA en África.</li> <li>Asesoramiento a un fondo español en una estructura de capital innovadora en relación con 2 nuevos aviones Airbus para una compañía aérea de bandera europea.</li> </ul> </div> <div class="people_reveal_background people_reveal" id="people_background_es"> <div class="people_background_block"> <h2><strong>Educación</strong></h2> <ol> <li>1999 · DESS Derecho de Comercio Internacional, Université Paris X</li> <li>1997 – 1999 · Máster en Derecho Europeo, Universidad Carlos III</li> <li>1996 · Licenciatura en Derecho, Universidad Complutense de Madrid</li> </ol> </div> <div class="people_background_block"> <h2><strong>Membresía y Asociaciones</strong></h2> <ol> <li>Colegio de Abogados de Madrid</li> <li>Asociación Española de Derecho Marítimo</li> </ol> </div> </div> <div class="people_reveal" id="people_insights_es"> <ul class="people_reveal_list"><li class="people_experience_link clearfix"><a href="https://www.wfw.com/press/wfw-advises-investec-on-refinancing-of-12-helicopters/"><strong>Press</strong><span>WFW advises Investec on refinancing of 12 helicopters</span></a></li><li class="people_experience_link clearfix"><a href="https://www.wfw.com/press/wfw-advises-alpha-trains-on-e1-3bn-debt-refinancing/"><strong>Press</strong><span>WFW advises Alpha Trains on €1.3bn debt refinancing</span></a></li><li class="people_experience_link clearfix"><a href="https://www.wfw.com/articles/aquaculture-overview-of-the-ma-practice-in-spain/"><strong>Article</strong><span>Aquaculture: overview of the M&A practice in Spain</span></a></li><li class="people_experience_link clearfix"><a href="https://www.wfw.com/awards/wfw-deals-win-big-at-ijglobal-deal-of-the-year-awards-2022/"><strong>Award</strong><span>WFW deals win big at IJGlobal Deal of the Year Awards 2022</span></a></li><li class="people_experience_link clearfix"><a href="https://www.wfw.com/articles/aquaculture-in-spain-an-introduction/"><strong>Article</strong><span>Aquaculture in Spain: An introduction</span></a></li></ul><p class="people_news_more"><a href="/insights/?_sfm_post_people=1942" class="button_outline">View more</a></p> </div> </div> <div id="people_back_mobile"><a href="/people/" class="button_outline">Search people directory</a></div> </div> </div> </div> </section> <footer role="contentinfo" id="site_footer"> <div class="container clearfix"> <ul class="social_list"><li class="social_list_linkedin"><a href="https://www.linkedin.com/company/watson-farley-&-williams/" target="_blank">LinkedIn</a></li><li class="social_list_twitter"><a href="https://twitter.com/WFW_LLP" target="_blank">X (Twitter)</a></li><li class="social_list_youtube"><a href="https://www.youtube.com/@WFW_LLP" target="_blank">YouTube</a></li><li class="social_list_wechat"><a href="https://www.wfw.com/wechat/" target="_blank">WeChat</a></li></ul> <nav role="navigation" id="footer_menu"> <ul id="menu-footer-menu" class="menu"><li id="menu-item-159" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-159"><a href="https://www.wfw.com/accessibility-compliance/">Accessibility / compliance</a></li> <li id="menu-item-160" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-160"><a href="https://www.wfw.com/privacy/">Privacy notice</a></li> <li id="menu-item-161" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-161"><a target="_blank" rel="noopener" href="https://subscribe.wfw.com/login/login.aspx">Email preference</a></li> <li id="menu-item-162" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-162"><a href="https://www.wfw.com/legal-and-regulatory/">Legal and regulatory</a></li> <li id="menu-item-163" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-163"><a href="https://www.wfw.com/slavery-and-human-trafficking/">Modern Slavery and Human Trafficking</a></li> <li id="menu-item-164" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-164"><a href="https://www.wfw.com/email-hoax/">Email hoax</a></li> <li id="menu-item-166" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-166"><a href="https://www.wfw.com/cookie-policy/">Cookie policy</a></li> </ul> </nav> <small>© Watson Farley & Williams LLP 2024 <span>Registered office:<br> 15 Appold Street, London, EC2A 2HB, UK. This website constitutes attorney advertising.</span></small> </div> </footer> </div><div class="tjl-overflow-fix"> <div id="menu-main-reveal"> <div class="container clearfix" id="menu-main-reveal-left"> <div id="search_form_mobile"> <form name="search_form" role="search" method="get" class="search_form" action="/search/" autocomplete="off"> <input type="text" class="search_form_text" name="_sf_s" placeholder="Search" id="input_keyword" required> <input type="submit" value="Search" class="search_form_submit"> </form> </div> <div id="menu-main-reveal-left-primary"> <nav role="navigation"> <ul id="menu-main-menu-primary" class="menu"><li id="menu-item-39255" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39255"><a href="/people/">People</a></li> <li id="menu-item-39256" class="menu_open menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-39256"><a href="https://www.wfw.com/about-us/">About Us</a> <ul class="sub-menu"> <li id="menu-item-39314" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-39314"><a href="https://www.wfw.com/about-us/">Overview</a></li> <li id="menu-item-39259" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-39259"><a href="https://www.wfw.com/about-us/diversity-and-inclusion/">Diversity and Inclusion</a></li> <li id="menu-item-39257" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-39257"><a href="https://www.wfw.com/about-us/sustainability/">Sustainability</a></li> </ul> </li> <li id="menu-item-39260" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39260"><a href="/locations/">Locations</a></li> <li id="menu-item-39261" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39261"><a href="/careers/">Careers</a></li> <li id="menu-item-39262" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-39262"><a href="https://www.wfw.com/about-us/contact/">Contact Us</a></li> </ul> </nav> </div> <div id="menu-main-reveal-left-secondary"> <nav role="navigation"> <ul id="menu-main-menu-secondary" class="menu"><li id="menu-item-39242" class="menu_open menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-39242"><a>Featured</a> <ul class="sub-menu"> <li id="menu-item-39243" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39243"><a href="/gari">Global Aviation Resource Index (GARI)</a></li> <li id="menu-item-39244" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39244"><a href="/podcast/countdown-to-cop-financing-and-fuelling-the-future/">COP28 PODCAST SERIES</a></li> <li id="menu-item-39245" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39245"><a href="/reports/the-sustainability-imperative-part-2/">THE SUSTAINABILITY IMPERATIVE</a></li> </ul> </li> <li id="menu-item-39246" class="menu_open menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-39246"><a href="https://www.wfw.com/insights/">Insights</a> <ul class="sub-menu"> <li id="menu-item-39247" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-39247"><a href="https://www.wfw.com/insights/">All Insights</a></li> <li id="menu-item-39248" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39248"><a href="/insights/?_sft_category=articles">Articles</a></li> <li id="menu-item-39249" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39249"><a href="/insights/?_sft_category=awards">Awards</a></li> <li id="menu-item-39250" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39250"><a href="/insights/?_sft_category=events">Events</a></li> <li id="menu-item-39251" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39251"><a href="/insights/?_sft_category=infocus">Infocus</a></li> <li id="menu-item-39252" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39252"><a href="/insights/?_sft_category=podcast">Podcasts</a></li> <li id="menu-item-39253" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39253"><a href="/insights/?_sft_category=press">Press</a></li> <li id="menu-item-39254" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-39254"><a href="/insights/?_sft_category=reports">Reports</a></li> </ul> </li> </ul> </nav> </div> <ul class="social_list"><li class="social_list_linkedin"><a href="https://www.linkedin.com/company/watson-farley-&-williams/" target="_blank">LinkedIn</a></li><li class="social_list_twitter"><a href="https://twitter.com/WFW_LLP" target="_blank">X (Twitter)</a></li><li class="social_list_youtube"><a href="https://www.youtube.com/@WFW_LLP" target="_blank">YouTube</a></li><li class="social_list_wechat"><a href="https://www.wfw.com/wechat/" target="_blank">WeChat</a></li></ul> </div> </div> <div id="menu-expertise-reveal"> <div class="container clearfix" id="menu-expertise-col-holder"> <div class="menu-expertise-col"> <h2>Sectors</h2> <nav role="navigation"> <ul class="menu-expertise-parent"> <li class="page_item page-item-785 page_item_has_children"><a href="https://www.wfw.com/sectors/energy/">Energy</a> <ul class='children'> <li class="page_item page-item-797"><a href="https://www.wfw.com/sectors/energy/mining-commodities/">Mining and Commodities</a></li> <li class="page_item page-item-833"><a href="https://www.wfw.com/sectors/energy/oil-and-gas/">Oil and Gas</a></li> <li class="page_item page-item-835"><a href="https://www.wfw.com/sectors/energy/power/">Power</a></li> </ul> </li> <li class="page_item page-item-3936"><a href="https://www.wfw.com/sectors/infrastructure/">Infrastructure</a></li> <li class="page_item page-item-783 page_item_has_children"><a href="https://www.wfw.com/sectors/transport/">Transport</a> <ul class='children'> <li class="page_item page-item-789 page_item_has_children"><a href="https://www.wfw.com/sectors/transport/aviation/">Aviation</a></li> <li class="page_item page-item-791 page_item_has_children"><a href="https://www.wfw.com/sectors/transport/maritime/">Maritime</a></li> <li class="page_item page-item-793"><a href="https://www.wfw.com/sectors/transport/rail/">Rail</a></li> </ul> </li> </ul> </nav> </div> <div class="menu-expertise-col"> <h2>Services</h2> <nav role="navigation"> <ul class="menu-expertise-parent"> <li class="page_item page-item-801 page_item_has_children"><a href="https://www.wfw.com/services/capital-markets/">Capital Markets</a> <ul class='children'> <li class="page_item page-item-3303"><a href="https://www.wfw.com/services/capital-markets/corporate-trust-agency/">Corporate Trust and Agency</a></li> <li class="page_item page-item-3305"><a href="https://www.wfw.com/services/capital-markets/debt-capital-markets/">Debt Capital Markets</a></li> <li class="page_item page-item-35239"><a href="https://www.wfw.com/services/capital-markets/derivatives/">Derivatives</a></li> <li class="page_item page-item-3307"><a href="https://www.wfw.com/services/capital-markets/equity-capital-markets/">Equity Capital Markets</a></li> <li class="page_item page-item-3300"><a href="https://www.wfw.com/services/capital-markets/structured-finance/">Structured Finance</a></li> </ul> </li> <li class="page_item page-item-837 page_item_has_children"><a href="https://www.wfw.com/services/construction/">Construction</a> <ul class='children'> <li class="page_item page-item-3868"><a href="https://www.wfw.com/services/construction/planning/">Planning</a></li> </ul> </li> <li class="page_item page-item-1649 page_item_has_children"><a href="https://www.wfw.com/services/corporate/">Corporate and M&A</a> <ul class='children'> <li class="page_item page-item-10800"><a href="https://www.wfw.com/services/corporate/corporate-and-acquisition-finance/">Corporate and Acquisition Finance</a></li> <li class="page_item page-item-3874"><a href="https://www.wfw.com/services/corporate/joint-ventures/">Joint ventures and strategic alliances</a></li> <li class="page_item page-item-3872"><a href="https://www.wfw.com/services/corporate/mergers-and-acquisitions/">Mergers and Acquisitions</a></li> </ul> </li> <li class="page_item page-item-839 page_item_has_children"><a href="https://www.wfw.com/services/dispute-resolution/">Dispute Resolution</a> <ul class='children'> <li class="page_item page-item-38113"><a href="https://www.wfw.com/services/dispute-resolution/aviation-dispute-resolution/">Aviation Dispute Resolution</a></li> <li class="page_item page-item-38454"><a href="https://www.wfw.com/services/dispute-resolution/energy-dispute-resolution/">Energy Dispute Resolution</a></li> <li class="page_item page-item-38127"><a href="https://www.wfw.com/services/dispute-resolution/infrastructure-dispute-resolution/">Infrastructure <br>Dispute Resolution</a></li> <li class="page_item page-item-38130"><a href="https://www.wfw.com/services/dispute-resolution/international-arbitration/">International <br>Arbitration</a></li> <li class="page_item page-item-38133"><a href="https://www.wfw.com/services/dispute-resolution/maritime-dispute-resolution/">Maritime Dispute Resolution</a></li> <li class="page_item page-item-38135 page_item_has_children"><a href="https://www.wfw.com/services/dispute-resolution/public-international-law/">Public International Law</a></li> </ul> </li> <li class="page_item page-item-841"><a href="https://www.wfw.com/services/employment/">Employment</a></li> <li class="page_item page-item-799 page_item_has_children"><a href="https://www.wfw.com/services/finance/">Finance</a> <ul class='children'> <li class="page_item page-item-2257"><a href="https://www.wfw.com/services/finance/asset-finance/">Asset Finance and Leasing</a></li> <li class="page_item page-item-2262"><a href="https://www.wfw.com/services/finance/eca-finance/">ECA Finance</a></li> <li class="page_item page-item-3311"><a href="https://www.wfw.com/services/finance/islamic-finance/">Islamic Finance</a></li> <li class="page_item page-item-3870"><a href="https://www.wfw.com/services/finance/project-finance/">Project Finance</a></li> <li class="page_item page-item-3290"><a href="https://www.wfw.com/services/finance/real-estate-finance/">Real Estate Finance</a></li> </ul> </li> <li class="page_item page-item-845"><a href="https://www.wfw.com/services/private-equity/">Private Equity</a></li> <li class="page_item page-item-3916"><a href="https://www.wfw.com/services/public-law/">Public Law</a></li> <li class="page_item page-item-787 page_item_has_children"><a href="https://www.wfw.com/services/real-estate/">Real Estate</a> <ul class='children'> <li class="page_item page-item-2965"><a href="https://www.wfw.com/services/real-estate/hotels-hospitality/">Hotels and Hospitality</a></li> <li class="page_item page-item-2957"><a href="https://www.wfw.com/services/real-estate/real-estate-disputes/">Real Estate Disputes</a></li> </ul> </li> <li class="page_item page-item-847 page_item_has_children"><a href="https://www.wfw.com/services/regulatory-competition/">Regulatory and Competition</a> <ul class='children'> <li class="page_item page-item-3926"><a href="https://www.wfw.com/services/regulatory-competition/environment-health-safety/">Environment, Health and Safety</a></li> <li class="page_item page-item-3912"><a href="https://www.wfw.com/services/regulatory-competition/eu-competition/">EU and Competition</a></li> <li class="page_item page-item-35242"><a href="https://www.wfw.com/services/regulatory-competition/financial-services-regulation/">Financial Services Regulation</a></li> <li class="page_item page-item-3914"><a href="https://www.wfw.com/services/regulatory-competition/regulatory/">Regulatory</a></li> </ul> </li> <li class="page_item page-item-3929"><a href="https://www.wfw.com/services/restructuring-insolvency/">Restructuring and Insolvency</a></li> <li class="page_item page-item-849"><a href="https://www.wfw.com/services/tax/">Tax</a></li> </ul> </nav> </div> </div> </div> </div> </div> <div class='asp_hidden_data' id="asp_hidden_data" style="display: none !important;"> <svg style="position:absolute" height="0" width="0"> <filter id="aspblur"> <feGaussianBlur in="SourceGraphic" stdDeviation="4"/> </filter> </svg> <svg style="position:absolute" height="0" width="0"> <filter id="no_aspblur"></filter> </svg> </div> <script type="text/javascript" src="https://www.wfw.com/wp-includes/js/dist/hooks.min.js?ver=2810c76e705dd1a53b18" id="wp-hooks-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-includes/js/dist/i18n.min.js?ver=5e580eb46a90c2b997e6" id="wp-i18n-js"></script> <script type="text/javascript" id="wp-i18n-js-after"> /* <![CDATA[ */ wp.i18n.setLocaleData( { 'text direction\u0004ltr': [ 'ltr' ] } ); /* ]]> */ </script> <script type="text/javascript" src="https://www.wfw.com/wp-content/plugins/contact-form-7/includes/swv/js/index.js?ver=6.0" id="swv-js"></script> <script type="text/javascript" id="contact-form-7-js-before"> /* <![CDATA[ */ var wpcf7 = { "api": { "root": "https:\/\/www.wfw.com\/wp-json\/", "namespace": "contact-form-7\/v1" } }; /* ]]> */ </script> <script type="text/javascript" src="https://www.wfw.com/wp-content/plugins/contact-form-7/includes/js/index.js?ver=6.0" id="contact-form-7-js"></script> <script type="text/javascript" id="wpcf7-redirect-script-js-extra"> /* <![CDATA[ */ var wpcf7r = {"ajax_url":"https:\/\/www.wfw.com\/wp-admin\/admin-ajax.php"}; /* ]]> */ </script> <script type="text/javascript" src="https://www.wfw.com/wp-content/plugins/wpcf7-redirect/build/js/wpcf7r-fe.js?ver=1.1" id="wpcf7-redirect-script-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-content/themes/wfw/js/modernizr.js?ver=2.6.2" id="tjldesigns-script-modernizr-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-content/themes/wfw/js/jquery.sticky.js?ver=1.0.4" id="tjldesigns-script-jquery-ui-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-content/themes/wfw/js/slick.min.js?ver=1.6.0" id="tjldesigns-script-slick-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-content/themes/wfw/js/masonry.pkgd.min.js?ver=4.2.1" id="tjldesigns-script-masonry-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-content/themes/wfw/js/jquery.waypoints.js?ver=1.0" id="tjldesigns-script-waypoint-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-content/themes/wfw/js/jquery.counterup.min.js?ver=1.0" id="tjldesigns-script-counterup-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-content/themes/wfw/js/aos.js?ver=1.0" id="tjldesigns-script-aos-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-content/themes/wfw/js/main.js?ver=1731359476" id="tjldesigns-script-main-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-content/plugins/easy-fancybox/vendor/purify.min.js?ver=1732347171" id="fancybox-purify-js"></script> <script type="text/javascript" src="https://www.wfw.com/wp-content/plugins/easy-fancybox/fancybox/1.5.4/jquery.fancybox.js?ver=1732347170" id="jquery-fancybox-js"></script> <script type="text/javascript" id="jquery-fancybox-js-after"> /* <![CDATA[ */ var fb_timeout, fb_opts={'autoScale':true,'showCloseButton':true,'margin':20,'pixelRatio':'false','padding':0,'centerOnScroll':false,'enableEscapeButton':true,'overlayShow':true,'hideOnOverlayClick':true,'overlayColor':'#182E44','overlayOpacity':0.9,'minVpHeight':320,'disableCoreLightbox':'true','enableBlockControls':'true','fancybox_openBlockControls':'true' }; if(typeof easy_fancybox_handler==='undefined'){ var easy_fancybox_handler=function(){ jQuery([".nolightbox","a.wp-block-file__button","a.pin-it-button","a[href*='pinterest.com\/pin\/create']","a[href*='facebook.com\/share']","a[href*='twitter.com\/share']"].join(',')).addClass('nofancybox'); jQuery('a.fancybox-close').on('click',function(e){e.preventDefault();jQuery.fancybox.close()}); /* IMG */ var unlinkedImageBlocks=jQuery(".wp-block-image > img:not(.nofancybox,figure.nofancybox>img)"); unlinkedImageBlocks.wrap(function() { var href = jQuery( this ).attr( "src" ); return "<a href='" + href + "'></a>"; }); var fb_IMG_select=jQuery('a[href*=".jpg" i]:not(.nofancybox,li.nofancybox>a,figure.nofancybox>a),area[href*=".jpg" i]:not(.nofancybox),a[href*=".jpeg" i]:not(.nofancybox,li.nofancybox>a,figure.nofancybox>a),area[href*=".jpeg" i]:not(.nofancybox),a[href*=".png" i]:not(.nofancybox,li.nofancybox>a,figure.nofancybox>a),area[href*=".png" i]:not(.nofancybox),a[href*=".webp" i]:not(.nofancybox,li.nofancybox>a,figure.nofancybox>a),area[href*=".webp" i]:not(.nofancybox)'); fb_IMG_select.addClass('fancybox image'); var fb_IMG_sections=jQuery('.gallery,.wp-block-gallery,.tiled-gallery,.wp-block-jetpack-tiled-gallery,.ngg-galleryoverview,.ngg-imagebrowser,.nextgen_pro_blog_gallery,.nextgen_pro_film,.nextgen_pro_horizontal_filmstrip,.ngg-pro-masonry-wrapper,.ngg-pro-mosaic-container,.nextgen_pro_sidescroll,.nextgen_pro_slideshow,.nextgen_pro_thumbnail_grid,.tiled-gallery'); fb_IMG_sections.each(function(){jQuery(this).find(fb_IMG_select).attr('rel','gallery-'+fb_IMG_sections.index(this));}); jQuery('a.fancybox,area.fancybox,.fancybox>a').each(function(){jQuery(this).fancybox(jQuery.extend(true,{},fb_opts,{'transition':'elastic','transitionIn':'elastic','easingIn':'easeOutBack','transitionOut':'elastic','easingOut':'easeInBack','opacity':false,'hideOnContentClick':false,'titleShow':false,'titlePosition':'over','titleFromAlt':false,'showNavArrows':false,'enableKeyboardNav':false,'cyclic':false,'mouseWheel':'false'}))}); /* Inline */ jQuery('a.fancybox-inline,area.fancybox-inline,.fancybox-inline>a').each(function(){jQuery(this).fancybox(jQuery.extend(true,{},fb_opts,{'type':'inline','autoDimensions':true,'scrolling':'no','easingIn':'easeOutBack','easingOut':'easeInBack','opacity':false,'hideOnContentClick':false,'titleShow':false}))}); /* YouTube */ jQuery('a[href*="youtu.be/" i],area[href*="youtu.be/" i],a[href*="youtube.com/" i],area[href*="youtube.com/" i]' ).filter(function(){return this.href.match(/\/(?:youtu\.be|watch\?|embed\/)/);}).not('.nofancybox,li.nofancybox>a').addClass('fancybox-youtube'); jQuery('a.fancybox-youtube,area.fancybox-youtube,.fancybox-youtube>a').each(function(){jQuery(this).fancybox(jQuery.extend(true,{},fb_opts,{'type':'iframe','width':1050,'height':599,'keepRatio':1,'aspectRatio':1,'titleShow':false,'titlePosition':'float','titleFromAlt':false,'onStart':function(a,i,o){var splitOn=a[i].href.indexOf("?");var urlParms=(splitOn>-1)?a[i].href.substring(splitOn):"";o.allowfullscreen=(urlParms.indexOf("fs=0")>-1)?false:true;o.href=a[i].href.replace(/https?:\/\/(?:www\.)?youtu(?:\.be\/([^\?]+)\??|be\.com\/watch\?(.*(?=v=))v=([^&]+))(.*)/gi,"https://www.youtube.com/embed/$1$3?$2$4&autoplay=1");}}))}); /* Vimeo */ jQuery('a[href*="vimeo.com/" i],area[href*="vimeo.com/" i]' ).filter(function(){return this.href.match(/\/(?:[0-9]+|video\/)/);}).not('.nofancybox,li.nofancybox>a').addClass('fancybox-vimeo'); jQuery('a.fancybox-vimeo,area.fancybox-vimeo,.fancybox-vimeo>a').each(function(){jQuery(this).fancybox(jQuery.extend(true,{},fb_opts,{'type':'iframe','width':1050,'height':599,'keepRatio':1,'aspectRatio':1,'titleShow':false,'titlePosition':'float','titleFromAlt':false,'onStart':function(a,i,o){var splitOn=a[i].href.indexOf("?");var urlParms=(splitOn>-1)?a[i].href.substring(splitOn):"";o.allowfullscreen=(urlParms.indexOf("fullscreen=0")>-1)?false:true;o.href=a[i].href.replace(/https?:\/\/(?:www\.)?vimeo\.com\/([0-9]+)\??(.*)/gi,"https://player.vimeo.com/video/$1?$2&autoplay=1");}}))}); };}; var easy_fancybox_auto=function(){setTimeout(function(){jQuery('a#fancybox-auto,#fancybox-auto>a').first().trigger('click')},1000);}; jQuery(easy_fancybox_handler);jQuery(document).on('post-load',easy_fancybox_handler); jQuery(easy_fancybox_auto); /* ]]> */ </script> <script type="text/javascript" src="https://www.wfw.com/wp-content/plugins/easy-fancybox/vendor/jquery.easing.js?ver=1.4.1" id="jquery-easing-js"></script> </body> </html>