Arias, Fábrega & Fábrega acted as Panamanian transaction counsel to Nordea Bank Norge ASA (through its Norwegian counsel, Simonsen Advokatfirma), Seadrill and SFL Deepwater Ltd. in connection with the US$1.4 billion secured financing to finance the construction of two mobile offshore drilling units.

Our services involved not only advising the parties during the delivery of the rigs, but also in connection with the sale and lease-back and mortgaging of the rigs.