Olivia Cullen

Special Counsel
Norton Rose Fulbright LLP

United Kingdom
T:+44 (20) 74442738
United Kingdom
T:+44 (20) 74442738
Olivia Cullen

Olivia Cullen


Related services and key industries


Olivia Cullen is a banking and finance lawyer based in London. She has spent time working in our Amsterdam and Athens offices, as well as spending six months on secondment to one of the UK's leading airlines.

Olivia has experience advising on vessel and offshore equipment (including accommodation units, FSOs, FPSOs and drilling rigs) financing, as well as other asset finance matters, including aviation.  Olivia has assisted with the structuring and closing of project finance, asset finance and corporate finance transactions with certain assets operating offshore Brazil, in the North Sea, Angola, Spain, Australia and Japan.

Professional experience

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  • Solicitor, qualified in England & Wales


Offshore and Shipping

  • Coordinating Committee of Secured Lenders and Agents (CoCom) in the cross-border pre-negotiated restructuring of Altera Infrastructure L.P., a UK-based offshore oil and gas service vessel provider, which commenced Chapter 11 proceedings on August 12, 2022 in the US Bankruptcy Court for the Southern District of Texas and emerged on 6 January 2023
  • Major international credit institutions (including an ECA) – of the restructuring of two facilities to a jack-up rig owning company
  • Major international banks on refinancing of two geotechnical drilling rigs operating under the flag state of Singapore
  • Containership owner on various financing, refinancing and corporate reorganisation transactions
  • Major international banks on a US$500.7m financing (project and corporate) for the construction of the world's biggest wind farm installation vessel in Korea, which was supported by Korean export credit agency K-Sure
  • A Dutch bank on a US$180m Atradius-backed financing to upgrade and modify an FPSO for operation in Atlanta Field, located in the Santos Basin offshore Brazil
  • Major international banks on refinancing an existing project finance facility and revolving credit facility involving the restructuring of the security package over five FPSOs, involving security in five jurisdictions
  • International banks on financing two ultra-deepwater drilling rigs operating offshore Brazil
  • Maersk Drilling on the acquisition of a new-build jack-up rig from Hercules Offshore immediately prior to its Chapter 11 filing
  • International banks – on a EUR100m secured refinancing of an LNG carrier flagged in Spain
  • International banks – on a $200m secured refinancing of two LNG carriers flagged in Spain


  • TAAG on the financing of six new delivery aircraft, with support from African Export-Import Bank.  This transaction won Africa deal of the year in the Airfinance Journal Awards in June 2021
  • Jet2.com Limited on a JOLCO transaction for 6 x Boeing 737-800 Aircraft
  • A European airline on the negotiation and completion of lease novation arrangements for 14 Airbus aircraft within their fleet
  • An Israeli leasing company on the joint venture purchase of an Airbus aircraft on lease to a Danish Airline from an Irish leasing company, including an onward sale and leaseback of the engines to the joint venture partner