White & Case Advises Growth Bank of Japan on Landmark Maritime Decarbonization Fund
Tokyo, japan – Global law firm White & Case LLP has provided legal counsel to the Development Bank of Japan (DBJ) in its strategic collaboration to establish the Fund for Energy Efficiency Technologies (FEET). This innovative fund, a partnership between the DBJ, the Global Centre for Maritime Decarbonisation, and AIM Horizon Investments, aims to accelerate the adoption of energy-efficient technologies within the global shipping industry.
the DBJ,a financial institution owned by the Government of Japan,has subscribed to preferred shares issued by FEET. This investment will enable the fund to provide crucial financing to shipowners seeking to retrofit existing vessels and adopt cutting-edge technologies designed to reduce fuel consumption and lower carbon emissions.
White & Case’s role in the transaction encompassed extensive advice on the commercial and legal risks associated with the DBJ’s investment. The firm’s team expertly navigated the complexities of fund documentation and skillfully negotiated fund terms with AIM horizon Investments, ensuring alignment between the specific needs of the maritime sector and established global fund practices.
“This transaction highlights our commitment to supporting the DBJ in its efforts to promote sustainable practices in the maritime sector and demonstrates the strength of our cross-border funds and energy transition teams,” stated Eriko Sakata,partner at White & Case,who spearheaded the firm’s advisory team. “Our advice on this collaboration played a role in advancing innovative financing solutions for energy efficiency in shipping.”
The White & Case team advising on the transaction was based in Tokyo and led by Eriko Sakata, supported by associate Mao Muraguchi.This collaboration underscores the growing momentum towards decarbonization within the maritime industry and the critical role of financial innovation in achieving aspiring sustainability goals.
Keywords: maritime Decarbonization,Shipping,Energy Efficiency,Fund for Energy Efficiency Technologies (FEET),Development Bank of Japan (DBJ),White & Case,Sustainable Shipping,Green Finance,Maritime Technology,AIM Horizon Investments,Global Centre for Maritime Decarbonisation.