Clifford Chance acted as transaction counsel for DVB Bank SE, N.B.S.A. Limited, Crédit Industriel et Commercial and Showa Leasing Co., Ltd. on the refinancing of 10 used aircraft on lease to Korean Air Lines Co., Ltd.

The transaction was awarded Used Aircraft Deal of the Year at the 2015 AirFinance Journal Awards having closed in less than 30 days, involving parties in multiple jurisdictions.

The transaction was led by Bangkok Office Managing Partner Fergus Evans who was supported by senior associate Tanai Porasupattana, associate Nattawat Vilasdechanon and paralegals Chayanis Luxsuwong and Pauline Debrand in Bangkok. Emily DiStefano, Dennis Recca and Debra Wasserman acted as New York counsel.

Fergus said, "We are very happy that this transaction was awarded Used Aircraft Deal of the Year at the 2015 Airfinance Journal Awards. This illustrates Clifford Chance's growing asset finance practice in Asia and demonstrates our abilities to manage highly complex and challenging transactions."