LEGAL ISSUES IN COMMODITIES
Commodities – Physicals
Clyde & Co LLP Hill Dickinson LLP Holman Fenwick Willan LLP Reed Smith LLP
Ince & Co Linklaters LLP McDermott Will & Emery UK LLP Norton Rose Fulbright Stephenson Harwood Thomas Cooper
Arbis LLP Ashhurst Hogan Lovells International LLP Watson, Farley & Williams LLP
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Commodities – Derivatives
Reed Smith Shearman & Sterling LLP Simmons & Simmons LLP
Ashurst Clifford Chance Holman Fenwick Willan LLP Linklaters LLP McDermott Will & Emery UK LLP Norton Rose Fulbright
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Arbis LLP Berwin Leighton Paisner LLP Dentons Field Fisher Waterhouse LLP Ince & Co
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Legal 500 RANKINGS, 2013: The Legal 500 is a comprehensive guide to the UK legal profession and the country’s top lawyers – including a detailed analysis of the leading commodity market legal firms operating in the UK. Law firms are ranked in league tables. Highlights of top rated players in physical and financial commodity sectors.
regulatory compliant, as well as advising on how to navigate the myriad of domestic and international legislation at play, is fundamental to the service we offer,” says HFW’s Perrott. “Increased regulation, competition law issues,
solvency risk and man-made and natural disasters. We were heavily involved in the Santos fire that had its impact on the sugar market, we have been working with many clients on a variety of issues arising from sanctions against Iran, Syria and Côte d’Ivoire, and similarly, there is no doubt we will be heavily involved in the Ukrainian scenario as it unfolds. We have also seen increased instructions in relation to quality disputes and difficulties relating to GMO and China. The power outage at South Africa’s Richards Bay Coal Terminal (the world’s largest) has also stress tested SCoTA and coal exports,” he adds. HFW have seen increasing growth in the Middle
East and Far East. “I am particularly excited about the opportunities in Japan. In terms of trends we have, of course, seen many of the banks retreat from physical trading only to be acquired by acquisitive trading houses or energy enterprises.” And most firms remain competitive on pricing
– to ensure clients receive value for money. Most, therefore, discuss and scope each instruction with clients on a project by project basis. Leading firms with a reputation in commodity
related trade finance, including traditional structured finance, are expanding into new streams utilised in today’s trading environment. These include debt capital market funding, securitisations and bespoke borrowing-based asset financings. They also continue to be active in providing clients
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with updates and commentary on the changing landscape of the commodities sector, striving to be at the forefront of thought leadership and debate. This includes specialist (and often publicly available) research, speaking at key industry conferences, hosting special client meetings and dinners and the like. There is no doubt that the once closed world of the legal fraternity is now far more open to a more general debate and engagement on key issues relating to trade and natural resource market development. Current commodity trading conditions mandate
that companies scrutinise their existing internal and external legal systems and capabilities to ensure they can meet requirements related to the preparedness of a multi-commodity trading organisation in a more tightly regulated world. Leading legal firms are on hand, 24hrs a day, more and more organised as a globally focused, cohesive resource. For Perrott, Asia will be the dominant factor for business going forward, “but I also believe that many of the trading houses will continue to be managed from the US. The commodity world for me is a US/London/Swiss/Far Eastern flight path.”
www.commodities-now.com
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