Contact details

Philip Prowse

T: +44 20 7809 2800 Email Philip | vCard Office: London

Awards

Trade finance

Trade finance

Philip Prowse Partner

Contact details

Philip Prowse

Philip Prowse
Partner

T: +44 20 7809 2800 Email Philip | vCard Office: London

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.
  • Profile
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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.

  • Trade finance
  • Restructuring and insolvency
  • Finance

Acting for a large international oil trader in relation to the discounted receivables financing of oil sale receivables (Africa).

Acting for an international metal trader in relation to its syndicated global finance credit facility and on its borrowing base facility.

Acting for a commodities trader in relation to its oil repo sale and purchase projects. 

More: Trade finance

Acted on the global financial restructuring of the steel trader Stemcor.

Acted on PXF2 for a trader/investor relating to the restructuring of Nigerian energy assets for PPMC/NNPC.

Acted on the reorganisation of Phoenix, a global commodities trader in the first Covid lockdown. 

General finance expertise including the project financing of the construction and installation of a single buoy mooring facility in Africa, acting on several acquisition financings including the financing of a hostile takeover of an insurance group and separately on the acquisition of steel assets in North-East England.

More: Finance

  • Banks and banking
  • International trade
  • Energy and natural resources

Acting for a US investment bank in connection with its repo financing of the sale and purchase of hot rolled steel coils.

Advising the Munich branch of an Italian bank on several bilateral banking facilities.

Advising a Dutch agent and arranger bank on an uncommitted syndicated banking facility.

Advising a start-up on its international sale and purchase receivables digital platform.

Advising a US international bank on its metal storage arrangements.

Advising a Singaporean LNG trader on its sale and purchase contracts and related financings.

Advising an international oil trader on its oil receivables financing.

Advising a Singaporean LNG trader on its sale and purchase contracts and related financings.

Advising a trader on its investment in and exit from the Nigerian oil financing for NNPC/PPMC.

  • Europe
  • Asia
  • Africa / The Middle East

Advising a Swiss trader on its borrowing base and main syndicated finance facilities.

Advising a Dutch based start up entity on the set up of a Swiss company to operate a digital trade sale and purchase receivables platform.

Advising a Dutch bank as agent arranger and lender on a syndicated finance facility.

Advising an international oil trader in connection with many of its Singaporean prepay facilities.

Advising a Hong Kong based bank on its structured trade finance templates.

Advising a Singaporean trader on its facilities for LNG.

Acting on the restructuring of PXF 2- the energy arm of Nigeria, PPMC/NNPC.

Advising an oil trader on its African energy receivables financing.

Advising a Middle Eastern Bank on its GMRA documents.

Awards

Trade finance

Trade finance

Latest news & insights

08 Mar 2023

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Commodity trading is driven by demand for the commodity in question. Typically, such demand relates to physical consumption, however, the boom in many new commodity cl..

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Commodities in Focus - Edition 12 2022

Welcome to the twelfth edition of Commodities in Focus (CIF); our bulletin for clients engaged in the production, trading, carriage, storage and financing of commoditi..

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01 Feb 2022

From News

Philip Prowse joins Stephenson Harwood as partner

Law firm Stephenson Harwood LLP has strengthened its international trade practice with the addition of commodities trade finance specialist Philip Prowse, who joins as..

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.