Michael K. Clare

Biography

Michael Clare is a senior associate in the Firm’s maritime practice group, focusing specifically on commercial and finance transactions assisting companies in all sectors of the maritime industry in negotiating and structuring transactions under U.S. and foreign laws in maritime and non-maritime contexts.

Michael has significant experience in various aspects of project finance, representing shipyards, vessel owners and operators, and those who invest in this shipping industry, including commercial and investment banks, vessel leasing companies, alternative lenders and private equity funds in secured financing transactions, such as:

  • vessel secured credit facilities;
  • vessel construction or acquisition financings
  • lease financing transactions involving vessels;
  • joint ventures involving vessels;
  • project financing transactions involving vessels;
  • vessel purchases and sales;
  • various types of maritime industry related government credit-enhancement programs, including:  the Title XI Federal Ship Financing Program, the Construction Reserve Fund and Capital Construction Fund programs;
  • vessel construction contracts, charters (bareboat, time and voyage charters) and contracts of affreightment, and joint ventures;
  • corporate governance and structuring issues for domestic and foreign companies, including the major offshore jurisdictions; and
  • restructuring and workout transactions involving vessel owners and operators.

Michael’s practice includes both the domestic Jones Act market and cross-border transactions.

While in law school, Michael worked as a research assistant for Professor William Kovacic, Global Competition Professor of Law and Policy and former chair of the Federal Trade Commission; he was a summer associate with the Firm during his second summer; and spent his first year summer serving under the Honorable Chief Special Master Patricia Campbell-Smith of the U.S. Court of Federal Claims, National Vaccine Injury Compensation Program. Mike also served on The Public Contract Law Journal and was a Thurgood Marshall Scholar.

Credentials

Admissions

  • District of Columbia
  • Virginia

Education

  • College of the Holy Cross, BA
  • George Washington University Law School, JD