Francis X. Nolan, III
Mr. Nolan represents international and domestic lenders, borrowers, investors, lessees, lessors, operators and shipbuilders, primarily in the transportation and defense industries. He has extensive experience in the financing of a wide variety of transportation assets and projects, including all types of vessels, drill rigs, locomotives and rolling stock, containers and related equipment. Mr. Nolan assists clients with a wide range of leasing transactions, including operating leases and leveraged and synthetic leasing structures, as well as cross-border transactions. He also represents clients in financing transactions for vessels under the U.S. flag and numerous foreign flags, bareboat charter registries and under restricted flags, such as the U.S. Jones Act trades.
In recent years, Mr. Nolan drafted legislation to enhance collateral security positions of lessors in vessel charters used as financing instruments in several jurisdictions, including provisions currently in place in the Marshall Islands. He also served as the U.S. member of the Working Group of the Comité Maritime International (CMI), which recently completed a draft international convention, adopted by the CMI in June 2014, to facilitate international recognition of judicial vessel foreclosure sales. He is the First Vice President of the Maritime Law Association of the United States.