Stephenson Harwood

Philip Prowse

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.

Jameel Tarmohamed

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 and repo and true sale transactions. 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.