Trade & Commodities
Trade Wars – Politics Creates Legal Headaches for Traders
Our hard commodities team advises on a wide range of issues, including transactional matters, such as acquisitions and disposals, financing, production, stockholding, distribution agreements and delivery to end users. We also advise on LME trading, restructuring, regulatory issues and market abuse and have deep experience of resolving disputes in this sector.
We are experienced in advising clients in the steel sector, particularly on their midstream and downstream activities, the raw materials used in production and on trading matters. We also advise clients in the iron and coal industries.
Hard commodities in particular are affected by factors such as geopolitical risk, and the accessibility and scarcity of resources. Increasingly, these trends have seen businesses meeting protectionism and resource nationalism in mineral rich nations.
Advising a trade finance bank on a facility to finance metal stocks in LME approved warehouses in the US and the Netherlands and take security over them
Advising a major mining company on insurance arrangements for a proposed joint venture with another mining company in Western Australia
Advising an Australian bank on the establishment of their metals trading desks, their standard form contracts and legal requirements to carry on business in China
Acting for a coal exporter in various arbitrations valued at USD 500 million. Including a USD 280 million SIAC arbitration against a power producer concerning the export of several million tonnes of thermal coal from Indonesia after the Indonesian Government imposed new export requirements
Advising a Russian coal producer on the drafting of several of their English law sale contracts and re-drafting their precedent contracts
Acting on a USD 30 million LCIA claim relating to a contract for Russian coal. Advising on the effect of various shipping documents and on quality, quantity and contamination issues, including oversized and frozen cargo. Index pricing and SCoTA terms considered. Case settled on favourable...
Advising a commodities trader on the supply and offtake agreements and financing arrangements in respect of a steel mill in Serbia
Advising a major international commodity trader on their anti bribery and corruption procedures including sitting on their Business Ethics Committee and performing annual compliance audits
Advising a major end user of coal on multiple Contracts of Affreightment for the shipment of coal
Acting for a mining company on the negotiation and documentation of long term metal supply contracts together with the associated share option and joint venture arrangements
Partner / Managing Director, Asia