Gary Walsh

Partner

Gary Walsh

Partner

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+44 (0)20 7457 3000

London

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Sectors

Gary is a partner in the banking and finance team in London, specialising in asset finance across the maritime, offshore and container sectors. He advises banks, financial institutions, export credit agencies, leasing companies, owners and operators on domestic and cross-border maritime finance transactions.

His experience covers secured lending, pre-delivery and post-delivery financings, refinancings, export credit-backed transactions and leasing arrangements. Gary also advises on acquisitions, restructurings, workouts and enforcement, helping clients manage their investments throughout the life of an asset. His work includes substantial syndicated financings of vessels, offshore drilling rigs and container portfolios.

I enjoy building long-term relationships with clients and understanding how their businesses work. My aim is to make complex financing transactions easier to understand, give clear advice on the risks that matter, and work closely with clients and colleagues to find practical solutions that support their commercial objectives.

Gary Walsh, Partner

Gary regularly leads teams across multiple jurisdictions, working closely with local counsel and specialists in corporate, tax, disputes and regulatory matters. His practice has a particular focus on the UK, northern and southern Europe, and South America. He builds long-term relationships with clients, combining detailed knowledge of the shipping finance market with practical advice on transaction structures and commercial risk.

Before joining Penningtons Manches Cooper, Gary spent over 18 years at another UK and international law firm. He has also undertaken a secondment to Deutsche Bank’s structured finance team.

Recent work highlights

US$1.5 billion container financing

Advising a syndicate of eight lenders on an ECA backed US$1.5 billion container financing for a major international shipping company in 2025.

US$1.4 billion offshore financing

Assisting a syndicate of lenders on a US$1.4 billion financing of offshore drilling rigs.

Sanctions shipping loan unwind

Acting for international lenders on the unwind of a portfolio of secured shipping loans following the introduction of US, UK and EU sanctions in 2022.

Marine finance business establishment

Assisting a leading European financial services provider with establishing its UK marine finance offering including transaction structures and the risks associated with shipping finance.

Shipping portfolio exit

Advising an international bank on winding down its substantial exposure to the West African shipping market between 2017 and 2021.

Long-standing shipowner relationship

Providing guidance to an international shipping company over a ten-year relationship, drawing on extensive experience of cross-border secured financing transactions in the international maritime sector.

What people are saying

They are technically skilled, but what sets them apart is their commercial aptitude and personable style.

Chambers UK

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