Legal Seminar Hosted By GRC For ITFA Members Held On July 16, 2015, In Frankfurt

Instead of the usual Stammtisch at this time of the year, the ITFA GRC held a legal seminar for ITFA members only on July 16, 2015. It was hosted by KfW IPEX-Bank GmbH and very well attended.

The topics presented by Geoff Wynne and Simon Cook of Sullivan & Worcester were:

·         the recently issued legal opinion of Sullivan & Worcester on the BAFT MPA;
·         discussion about supplement legal opinions on enforcement in the relevant jurisdictions of the legal opinion of S&W in respect of the BAFT MPA;
·         current developments and issues in the trade and commodity finance world;
·         the position of various parties involved in typical trade transactions;
·         legal considerations for financing African trade.

The lively discussions continued during dinner, in the very relaxed atmosphere of the “Neue Volkswirt”, with good food, beer and wine.

We would like to thank:

·         KfW IPEX-Bank GmbH for hosting the workshop; and
·         the Speakers, Geoff Wynne and Simon Cook of Sullivan & Worcester for their excellent presentations.

We, as the GRC team, already look forward to our fall workshop which will probably take place at the end of November 2015. It will be combined with an ITFA GRC Christmas dinner – as usual.