An experienced energy and commodities lawyer, Philip specialises in international trade and its finance with a particular emphasis on crude oil and oil products, as well as metals and soft commodities. Over the years, he has acted on a wide variety of projects and deals, all over the world, representing oil companies, commodities trading houses, banks and entrepreneurs.
Philip has over 25 years’ experience advising on commercial contracts, pre-export finance, syndicated loans, payment instruments, discounting of receivables (with and without recourse), risk participation and mitigation, banking documentation and joint ventures. His practice also includes drafting and negotiating insurance policies for credit risk, contract frustration and political risk, including their interaction with bank finance/risk cover.
Philip is fluent in French and Hebrew. He also has a reading knowledge of Spanish, German, Portuguese, Italian, Dutch and Arabic.
- Hard commodities including oil and metals
- Soft commodities
- Mergers, acquisitions and corporate finance
- Risks and mitigation
- Joint ventures
- Commercial agreements
- Drafting and negotiation of insurance policies
- European bank completes funding of a $20 million finance facility.
- Advising a West European bank on its political and structured credit risk insurance policy portfolio.
- Advising in relation to a complex multi-guarantee structure supporting a €1.8 billion bank syndicate-financed investment in West European assets.
- Advising on numerous project and trade finance facilities involving a wide variety of borrowers (state and private), secured and unsecured.
- Acting for the lender in relation to a $400 million secured syndicated pre-export facility.
- Acting, for over 25 years, for one of the world’s largest traders of oil and other commodities.
- Advising on $150 million advances to a Middle Eastern state enterprise backed by oil offtake.
- Advising a seller on credit insurance and bank risk participation in respect of a European oil purchaser and issues arising on the subsequent bankruptcy of the purchaser.
- Advising on offset and payment arrangements, as well as risk mitigation, in relation to mutual crude oil and oil product supplies to and between two South American states’ energy companies.
- Advising on protracted delays in payment for oil by a West African state company and related insurance issues.
- Advising on the acquisition of a share in oil storage facilities in Nigeria on a joint venture basis.
- Securing pre-export payment arrangements for purchases of sugar from Brazil.
Please note: The experience list above may include examples of work completed prior to joining Keystone Law.
Philip was listed in Legal Experts 2010 and 2011, published by Legal Business, as an authority in Commodities and Futures
Philip qualified as a solicitor in 1982. Prior to joining Keystone Law in 2016, he worked at the following firms:
- Fasken Martineau
- Howard Kennedy
- SJ Berwin