Michelle Pindling-Sands, a Partner who heads up the Firm’s Maritime Practice Group, joined the Firm in 1986.   Michelle’s practice focuses on ship finance, advising lenders and other financial institutions on complex structured financing transactions.  She also provides expertise to ship-owning companies on all phases of ship sales and purchases.  Michelle recently authored the Bahamas Chapter in "Getting the Deal Through" on Ship Finance in The Bahamas.

Michelle acted as lead Bahamian counsel for a US$550 million offering to refinance existing debt for a market leader in the luxury cruise industry.   Simultaneously, she advised on financing the purchase of a new luxury ship, secured by all Bahamian assets, share pledges and ship mortgages.   In these transactions, Michelle’s broad knowledge of Bahamian corporate structures in financing transactions, including the preparation of commercial security documents for the shipping sector, were invaluable to her international clients.

Michelle’s experience with structured finance aligns perfectly with other aspects of her cross-border commercial practice, which ranges from company incorporations, continuations or re-domiciliations, mergers and acquisitions, and liquidations.

Recent transactions include:

  • Advised lender in relation to financing to repay outstanding indebtedness of a group of ship-owning companies, with each ship-owning company providing ship security as guarantors in support of the loan facility, and drafting corporate resolutions and ship mortgages;

  • Advised a lender acting in its capacity as agent and trustee for a syndicate of banks in connection with a K-Sure backed loan facility, for the purpose of providing post-delivery financing;

  • Advised lender in relation to a loan facility for the purpose of financing part of the acquisition cost of new vessels, drafting ship mortgages, and advising on their registration in the Bahamas;

  • Advised a lender in connection with a facility to oil and gas companies, secured by Bahamian all asset security and share pledges, and drafting and registering all Bahamian security;

  • Advised a lender in connection with the sale of a vessel by a mortgagee in possession;

  • Advising ship-owner in connection with the sale and purchase of cruise ships, including advising on registration requirements for seller and purchaser, drafting documents in connection with the sale and purchase, and to attending to registration of all ship-owner documents, as well as drafting and registering ship mortgages;

  • Advised leading retailer in connection with its corporate restructuring involving local mergers and cross-border mergers;

  • Advising a major private equity fund organized in Canada and targeting investments in Latin America in establishing corporate vehicles for its affiliates to acquire a US$220 million acquisition in an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business);

  • Assisting ultra high net worth family in their corporate holding structure for the execution and sale of a billion dollar retail business with operations in Central America, including Guatemala, Nicaragua, Honduras and Costa Rica;

  • Advising a leading airline group in Latin America on corporate structures in connection with transactions regarding acquisition, leasing and financing of its aircraft; and

  • Advising lenders in connection with registration and enforcement of a Bahamas statutory ship mortgage and share pledge taken as security and procedure to arrest a Bahamas registered ship.

Community Involvement

Bahamas Breast Cancer Society, Spokesperson 2006

The Sir Lynden O. Pindling Foundation, Chairperson

St. Andrew’s School Board, Nassau, Bahamas, Director 2002-2011

Public Service

Senator, Bahamas Government, 2002-2007.  

Publications

Author of "Getting the Deal Through: Ship Finance", 2016 (Bahamas Edition), published by Law Business Research Limited on gettingthedealthrough.com

Memberships

The Honourable Society of the Middle Temple

The Bahamas Bar Association

Founding Member and Director WISTA (Women’s International Shipping and Trading Association), Bahamas Chapter

Practice Areas
Education

London School of Economics & Political Science, London, England, United Kingdom

The Council of Legal Education, London, England, United Kingdom

Admissions

Bar of England & Wales, 1986

The Bahamas Bar, 1986

Community Involvement

Bahamas Breast Cancer Society, Spokesperson 2006

The Sir Lynden O. Pindling Foundation, Chairperson

St. Andrew’s School Board, Nassau, Bahamas, Director 2002-2011

Public Service

Senator, Bahamas Government, 2002-2007.  

Publications

Author of "Getting the Deal Through: Ship Finance", 2016 (Bahamas Edition), published by Law Business Research Limited on gettingthedealthrough.com

Memberships

The Honourable Society of the Middle Temple

The Bahamas Bar Association

Founding Member and Director WISTA (Women’s International Shipping and Trading Association), Bahamas Chapter

http://www.iflr1000.com/Firm/Graham-Thompson-Bahamas/Profile/2239#profile

Chambers Band 1