England - London • Finance
2

Trade finance

Stephenson Harwood

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Stephenson Harwood climbs the ranking this year having continued to build a strong practice around its practice heads Philip Prowse and Jameel Tarmohamed, who are ‘experienced commodities trade finance partners, who understand the issues faced by commodity traders and provide valued support’. The firm counts among its clients some of the world’s leading commodity trading houses, as well as banks and large corporates. As well as handling traditional commodities trade finance practice, the team is involved in new areas such as the digitalisation of trade finance, and advises on trading platforms and blockchain systems. Associate Andrew Green plays a central role in the practice, advising banks, investors, and corporates with a focus predominantly on work for traders.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Philip Prowse and Jameel Tarmohamed are experienced commodities trade finance partners. They understand the issues faced by commodity traders and provide valued support.'

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Philip Prowse
Philip Prowse
Stephenson Harwood
Philip is an experienced commodities trade finance partner whose work covers the financing of the international supply of energy and hard and soft commodities with a focus on the finance, security and other transactional documents which include all related sale and purchase, logistics, storage and insurance contracts. He has acted for a wide range of clients in the commodities trade finance sector including traders, banks, other financial institutions, suppliers, sellers and purchasers as well as intermediaries. He has acted in relation to all structures including prepays, inventory, limited recourse, receivables and repo financings. Philip also focuses on digital trade finance and technologies including expertise in blockchain systems, digital assets including crypto assets, smart contracts and in advising start-ups/spin-offs in relation to innovative digital projects including digital trade sale and purchase platforms. Philip has considerable experience in acting on the finance and security aspects of major restructurings of entities within the global commodities market.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Jameel Tarmohamed
Jameel Tarmohamed
Stephenson Harwood
Jameel specialises in structured commodities trade finance. He has experience acting for banks, investors, corporates and traders up and down the global commodities supply chain in many emerging jurisdictions and covering all forms of structured trade and commodity financings including pre-export, pre-payment, inventory, limited recourse, receivables financings Jameel also advises clients on digital trade technologies and the application of these to their businesses. Further, he has in-depth restructuring experience gained from working on the restructuring of traders in the commodities space which has included working on the global Stemcor restructuring for two years, working in the team advising a major creditor on the restructuring of the indebtedness of the Nigerian state-owned oil major PPMC / NNPC (“PXF2”) and more recently working on the restructuring of a Dubai based agricultural commodities trader. He has also spent time on secondment at BP advising on trade finance issues. Jameel was ranked as a "Next Generation Lawyer" in The Legal 500 UK 2018-19 and as a "Rising Star" in The Legal 500 UK 2020-21 and 2021-22 editions.

Practice head

The lawyer(s) leading their teams.

Philip Prowse, Jameel Tarmohamed

Other key lawyers

Andrew Green

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