November 9, 2017

International Trade & Commodities Newsletter: In-Short v8

The commodities market has had an improved start to the year following the increase in prices of a wide variety of commodities. 2017, as predicted, has seen a modest recovery for most commodities, as demand strengthens and supplies tighten. At the same time, sudden policy shifts, changing sanctions regimes and rapidly evolving technologies are presenting new challenges and opportunities for traders.

To view the full newsletter please click here, or view each article below.

Deadline for notifying exemption from MiFID II approaches

In July the FCA opened its MiFID II ancillary exemption notification portal. Commodity firms that are confident they can rely on the ancillary exemption are now able to make a declaration to that effect. Those firms which are yet to determine whether the ancillary exemption applies to them will be mindful of the fast approaching 3 January 2018 deadline. This article aims to provide guidance by setting out the relevant tests and giving examples of the ways commodity firms can ensure they are able to evidence compliance. Read More.

"Invisible" contractual obligations - Appreciating the importance of implied terms

When it comes to quality disputes, we all know where to look to see who is right and who is wrong. Or do we? Much time is spent by parties agreeing contract terms - the seller determining the specifi cation of the goods he is in a position to supply and the buyer considering carefully whether goods of that specifi cation will, in fact, suit his purpose and are worth what he is being ask to pay. Read More.

Trade and commodities trends in Singapore

Leon Alexander, Clyde & Co’s Singapore-based Trade & Commodities Partner speaks about what trends he’s seeing in the market. Read More