International trade

They are very easily approachable, quick in their responses and client-friendly in explaining legal issues.

Chambers UK

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Latest news & insights:

Against the backdrop of often fractious relations between some of the largest economies and ongoing uncertainty about the UK’s trading partnerships in light of Brexit, international trade is currently one of the hottest issues for global businesses.

Our international trade and commodity finance team provides specialist trading and finance advice and assistance to global traders and banks involved in all types of commodities from oil and gas, chemicals, metals and mining to sugar, grain and timber.

Across our network of UK and international offices, including the key trading hubs of London, Paris, Madrid, Piraeus and Singapore, our multi-jurisdictional lawyers offer a reassuring combination of in-depth knowledge of both national and international law along with well-established relationships to support our clients.

We advise investment banks, financial institutions, trading houses, companies, and Maritime Law Associations (MLAs) on a wide range of financing, transactional, contentious and non-contentious matters. Our insightful and pragmatic advice on the advantages, challenges and pitfalls of different jurisdictions enables them to manage their risk more effectively and to achieve greater commercial success.

Our lawyers are highly skilled in structuring transactions that mitigate risk in today’s challenging market environment and are experienced in developing financing and security solutions tailored to our clients’ specific requirements.

The team has acted in many high profile, multi-jurisdictional trade disputes and commercial and shipping litigation using its considerable expertise of dispute resolution in the English courts, the international arbitration rules (including those of the ICC, UNCITRAL and the LCIA) and trade arbitration regulations (including those of FOSFA, GAFTA and SAL). It also handles marine and energy-related insurance disputes as well as non-contentious, regulatory and compliance issues.

We offer expert advice on:

  • commodity and other trading disputes
  • electronic shipping and trade documentation
  • export credit arrangements
  • futures, options and other derivatives
  • letters of credit and bills of exchange
  • insurance
  • regulation and compliance
  • sanctions
  • trade finance
  • warehousing

Recent work highlights

PRE-EXPORT FINANCE FACILITY ARRANGEMENT FOR NIGERIAN OIL COMPANY

Representing an international oil trader as arranger and lender of a US$500 million pre-export finance facility to a Nigerian upstream oil company to finance production under several NNPC concessions.


$300 MILLION LETTER OF CREDIT FACILITY FOR JAPANESE BANK

Acting for a Japanese bank on a US$300 million letter of credit facility to the commodity trading division of a US bank for the financing of oil stored in the Netherlands, Belgium and Denmark.


$210 MILLION PRE-PAYMENT FACILITY FOR SUGAR EXPORT BUSINESS

Advising the Maritime Law Associations (MLAs) on a syndicated US$210 million pre-payment facility to a major international commodities trader’s Brazilian sugar export business. The funding was secured against assets in Brazil, Switzerland and the UK.

Related expertise

Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority under number 419867.

Penningtons Manches Cooper LLP