Warehouse receipt fraud: Singapore firm can’t trim US$282mn damages ruling
22-12-22 / by Jacob Atkins
A UK appeals court has dismissed an attempt by financial services group Straits Singapore to...commodities financing
Gas companies pursue UBS over ‘mistake’ payment for US$4mn butane trade
09-12-22 / by Jacob Atkins
A dispute involving UBS, two Moroccan gas companies, a Swiss offshoot of Crédit Agricole and...
UK details Russia oil exports ban as price cap looms
16-11-22 / by Jacob Atkins
The UK government has outlined how it expects commodities houses, trade finance banks and insurers...
EU sanctions take aim at insurance, finance for Russia oil exports
08-06-22 / by Jacob Atkins
Financing and insuring the export of Russian oil will be banned by the end of...
Hong Kong energy trader struggles for survival as creditors circle
25-05-22 / by Jacob Atkins
Hong Kong oil and gas trader NewOcean Energy is fighting a new petition to wind...
Traxys boosts flagship US$1.5bn facility, brings in two new banks
11-05-22 / by Jacob Atkins
Global metals and natural resources trader Traxys has bumped up its revolving credit facility (RCF)...
UniCredit loses US$24.7mn damages claim against shipper over missing oil cargo
04-05-22 / by Jacob Atkins
A UK judge has rejected an attempt by Italy’s UniCredit to claim US$24.7mn in damages...
Analysis: ZenRock judgement should prompt rethink on ‘reckless’ traders in double financing frauds
06-04-22 / by Jacob Atkins
In January this year, Crédit Agricole lost a bid before the Singapore International Commercial Court...
Industry Perspectives: Can real-time inventory monitoring be fraud’s kryptonite?
23-02-22 / by GTR
In recent years fraudsters have managed to swindle banks in the commodities financing sector through...
Forged documents and misled banks: ED&F Man awarded US$282mn in nickel fraud case
22-02-22 / by Jacob Atkins
A UK High Court judge has found that ED&F Man was the victim of a...