This article examines how market shocks can affect commodity contracts and provides guidance on how parties can protect their positions if issues arise in the performance of long-term contracts.
The commodity-backed structured trade finance industry, or “STF”, has stepped in to address the gap in the market.
The commodities market is expected to see an increase in the number of contractual defaults, stemming from climate change and political instability. This article sets out a ‘refresher’ on steps that should be taken when faced with a contractual breach, as well as additional tips for companies to prepare for and handle defaults in this volatile market.
This article discusses the recent financial penalty imposed by the FCA on the LME for failing to maintain adequate systems and controls.
Join our inaugural webinar, where we will discuss the concept of “force majeure” and best practice in making or defending a claim of force majeure in case of unforeseen or catastrophic circumstances.
In collaboration with leading experts in the field, we aim to provide you with invaluable insights, practical advice and strategic guidance to navigate the complexities of global trade markets.
In this article, we discuss the importance of remaining back-to-back when incorporating law and dispute resolution clauses in sale contracts and charterparties.
SIAC has announced the release of its updated Arbitration Rules.
This article explains and summarises the expedited procedures provided under the rules of leading arbitral institutions, namely, the Singapore International Arbitration Centre, London Maritime Arbitrators Association and Singapore Chamber of Maritime Arbitration.
This article examines the classification of contractual terms under English law and explores the remedies available to the innocent party when a contractual term is breached.
This article examines the new Model Law on Warehouse Receipts developed by UNIDROIT, summarising its key objectives and commenting on its benefit for all commodity market participants.
