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Trade and Commodity Finance

Trade and Commodity Finance

You are currently viewing Dentons' global capabilities in Trade and Commodity Finance. To view regional capabilities please select below:

Regional Capabilities:

Global trade is in constant flux: credit moves, markets emerge and sanctions restrict. Expanding trade—in regions like Africa, the CIS and Asia Pacific—introduces both opportunity and risk. Through a deeply collaborative and personalized approach, our lawyers and professionals help you thrive in this integrated and growing industry.

When you engage our team, your vision becomes our shared mission. However you fit into the trade and export landscape—as a lender or syndicate arranger, development bank, export credit agency, trader, commodity off-taker or other market player—we work closely with you so that your business can flourish in any market, emerging or developed.

Wherever in the world your business reaches, we have the jurisdiction-specific knowledge you need to achieve the outcomes you desire. And with our broad experience in other areas such as corporate lending, secured lending, syndicated facilities and club deals, project finance and asset finance, no transaction is too large and no financial technique is too complicated.

Throughout these efforts, our focus always remains on you—your business needs, your business risks, your perspective and your aspirations. From cross-continent commodity transactions to complex pre-finance facilities, you’ll always have trusted, sophisticated and insightful counsel at your side.

Experience

Bank and lenders: Advising as arrangers and lenders on the annual receivables-backed facilities for the purchase of cocoa to Ghana Cocoa Board. The facility is secured against sales contracts between the marketing arm of Ghana Cocoa Board and a number of local and international buyers of cocoa beans. The firm has been advising lenders on this facility for over 15 years. In the last several years this deal was the largest soft commodities financing in Africa and won awards as deal of the year from leading trade publications.
Club of lenders: Advising a club of lenders in relation to an up to $250 million syndicated borrowing base facility to a large international trading company to finance storage and distribution of petroleum products in Latin America. The firm has been frequently advising on various borrowing base financings to commodity traders as this form of financing has been gaining popularity in the past few years.
Česká exportní banka, a.s.: Advising on the restructuring of a €38,5 million loan facility provided to a Russian container glass manufacturer for the purpose of financing supplies of glass production equipment from Czech producer Sklostroj Turnov CZ, s.r.o. The loan was insured by Czech export credit agency (EGAP). The project is important for the development of domestic manufacturing in the Russian glass industry and to move away from imports of value-added products.
European-based IFI : Representing in connection with its €400 million “Turkey Agribusiness SME Financing Facility.”
European-based IFI : Advising a leading Czech bank in a €247 million export credit loan to the Ministry of Transport of Azerbaijan for the financing of highway construction equipment and services related to the reconstruction of the Heydar Aliyev International Airport—Mardakan circle—Bilgah road, backed by a sovereign guarantee.
Komerční banka, a.s: Advising a leading Czech bank in a €247 million export credit loan to the Ministry of Transport of Azerbaijan for the financing of highway construction equipment and services related to the reconstruction of the Heydar Aliyev International Airport – Mardakan circle – Bilgah road, backed by a sovereign guarantee.
Landesbank Baden-Wűrttemberg: Representing a German international bank in respect of an export finance loan to finance the import of agricultural equipment into Azerbaijan.
Landesbank Berlin AG: Advising in connection with two export credit loans of €56.2 million and €7.8 million to the International Bank of Azerbaijan for financing the purchase by Caspian Management Systems LLC of a turnkey wind park and related services from German exporter Mitaki Project GmbH, under Euler Hermes cover. This loan transaction, which is essential to the new Mitaki wind park project, was named Deal of the Year 2009 by Trade Finance magazine.
Oil producer: Advising on a US$150 million pre-finance facility to an oil producer in the Congo.
Leading trade finance bank: Advising on a series oflimited recourse prepayment facilities to finance the purchase of copper concentrate from a Mongolian mining company. At the time when we advised on the first deal, it was the first large scale financing of a metals producer post banking crisis of 2008 and a largest ever financing in Mongolia.
Scandinavian bank: Advising on a US$100 million term loan facility to an African telecommunications group for financing the refurbishment/development of certain networks and telecommunications equipment/facilities in Senegal.

Recognition

One Way to Trade (and Get Paid) Faster

March 12, 2014

Marc Lemieux, Counsel, is extensively quoted in Profit magazine

Insights

Natixis v. Marex Financial and others – lessons for commodity financiers in repos and for users of warehouse receipts

December 4, 2019

This case raises important issues for commodity financings, the use of warehouse receipts in repos of goods and for taking security over commodities in warehouses.

Incoterms ® 2020 – new year, new rules

December 4, 2019

Following feedback from trade and commodity finance lenders and others, the ICC has published Incoterms 2020. What are the differences between the 2010 and 2020 editions of Incoterms?

US unveils CAPTA List

March 22, 2019

The US has introduced the List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions (the “CAPTA List”), which identifies foreign financial institutions subject to certain sanctions that restrict their access to the US financial system. The CAPTA List is not a new sanctions authority and is not part of the US Treasury Department’s Office of Foreign Assets Control’s List of Specially Designated Nationals.

View all insights for Trade and Commodity Finance

News and Events

Recent Press Releases

Financial Markets Disputes and Regulatory Update

Dentons deal for Deutsche Bank named one of TXF's 'Perfect 10 Deals for 2015'

April 15, 2016

Dentons is pleased to announce that a recent deal it advised on has been recognised as one of Trade & Export Finance's (TXF) 'Perfect 10 Deals of the Year 2015'.

Dentons welcomes trade finance partner Celia Gardiner

June 16, 2015

Dentons is pleased to announce that Celia Gardiner has joined its Banking and Finance practice as a partner in London. A leading commodities and trade finance partner, Gardiner joins from Watson Farley & Williams where she was a partner in the firm's Commodities and Export Finance practice.