Thought leadership from our expert lawyers:

What we are seeing in the energy and commodities markets and how it might affect your business.

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Finance for SMEs in the COVID-19 World

It can be challenging for a privately held SME to fund its existing and future business activities. COVID-19 has made matters far more uncertain and difficult, particularly in those sectors hardest hit by the pandemic. This Client Alert explores some of the financing options that may be available to an SME.

ALB Trailblazer Awards 2020 – Mercatis Law

We are very excited to announce that Mercatis Law Asia LLP has been recognised as a “Trailblazer” in the small and mid sized firm category in the Asian Legal Business Trailblazer Awards 2020.

Stephen Bird joins Mercatis Law as a Consultant Solicitor

We are very pleased to announce that Stephen Bird, formerly General Counsel of Total’s European gas and power business, has joined Mercatis Law as a Consultant Solicitor.

Long Term LNG Supply and Purchase Agreements: Contractual Mitigants for a Challenging Market

The global COVID-19 pandemic and the recent oil price shocks are compounding the issues arising from an already oversupplied LNG market, providing for additional challenges to LNG traders globally. In this client alert we will identify the most common clauses typically found in SPAs to help mitigate challenging market conditions.

Smart Contracts – Some Degree of Predictability under English Law

In August 2019, we published a Client Alert entitled “Smart Contracts in the Physical Commodity Markets”. This new Client Alert covers recent developments concerning the treatment of smart contracts under English law.

PJ Legal is changing its name to Mercatis Law

PJ Legal is changing its name to Mercatis Law and has hired Simon Jones from Reed Smith. These developments reflect our strong international growth over the past year. We now advise commodities and energy businesses in Singapore, Europe and the UK.

Changes to UK Gas Transmission Charges: Ofgem UNC678 Consultation

A quick look at Ofgem’s ‘minded to’ consultation regarding changes to gas capacity charges under the the Uniform Network Code (UNC678).

Incoterms 2020 – A Quick Guide to the Key Changes

The ICC has conducted its ten yearly review of Incoterms and published a new version which is now in effect. We’ve prepared a quick guide to the key changes in Incoterms 2020.

Smart Contracts in the Physical Commodity Markets

This Client Alert addresses the nature and legal considerations surrounding smart contracts the physical commodity markets.

Green Finance & the Shipping Industry

This Client Alert summarises recent developments in green finance in support of the international shipping industry, including the Poseidon Principles.

The LNG MSPA – An Introduction

This client alert provides a brief introduction to LNG MSPAs, outlines their key provisions and identifies issues to look out for.

When your binding LNG trade is non-binding

The deal sheet for your firm LNG trade will likely contain a free option for a party to walk away from the deal. Find out what this is, why it’s there and best practice to mitigate the risks.

Reasonable or Best Endeavours: How Hard should you Try?

Do you understand the difference between reasonable and best endeavours? Do you know what you are required to do to meet your obligations? This client alert explains the key differences.

Japan Bans LNG Destination Restrictions in FOB Contracts

Japan bans destination restrictions in FOB sales – considers if take or pay and profit shares are anticompetitive.

Duty of Good Faith

This Client Alert briefly explains what a duty of good faith is, how it can be incorporated into an English law contract and what constitutes breach. It explains why care should be taken before agreeing to an express duty of good faith and that a better approach is to draft complete contracts rather than rely on ambiguous catch-all provisions.