Reed Smith adds four partners to energy and commodities team

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13 July 2010

International law firm Reed Smith has appointed four new partners to its energy, trade and commodities group in London.

International law firm Reed Smith has appointed four new partners to its energy, trade and commodities group in London.

Keith Hartley, Peter Cassidy, Vincent Rowan and Gordon Bell will bring to thirteen the number of London based partners in Reed Smith's energy trade and commodities group. Hartley and Cassidy join this week whilst Rowan and Bell will join later in the year.

The four have a wealth of...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%