GTLaw recently won a major arbitration victory for an international oil-trading house over the alleged breach of an oil supply and processing contract. The damages claimed were well in excess of $100 million. The insolvent Claimant was funded by third-party funders and represented by a major international law firm specialised in litigation.
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The global backdrop to wind has been looking shaky of late. Project financing backing the Baltic Power project has just signed – but the rest of the first wave of Poland’s embryonic offshore wind sector is facing delays. The country originally promised as much as 28GW by 2050 but the chances of success now look mixed due to inflation and critical cost increases.
In an interview with Laurent Christophe, group treasurer at Trafigura, discussion focused on Ukraine, sustainability, and tapping into new sources of capital diversification. Some highlights from the interview and conference follow.