TXF Nordics 2019: Exporting Forum
This regional one day event brings together key decision makers, advisories and exporters together to debate the future of Nordic export finance.
In the latest edition of law firm Sullivan & Worcester’s Trade Finance Breakfast Seminar, partner Geoffrey Wynne assesses the vulnerability of trade and commodity finance to money laundering while stepping into the sanctions minefield by examining their increased use as a political tool.
Liberty House’s recent Aluminium Dunkerque deal is both its first syndicated bank acquisition financing and a novel de-risked structure that includes a syndicated commodity price hedging agreement for the smelter. Given Liberty's expansion plans, it is unlikely to be a one-off.
South Africa's President Ramaphosa has an opportunity to demonstrate his anti-corruption credentials ahead of this year’s elections by appointing a new board at the state pension fund. However, a dilution of political control over the money manager is unlikely, as the fund needs to act as a ‘last line of defence’ against any massive asset sell-offs in case of a much-vaunted triple-junk credit rating downgrade.