Mercuria v. Citibank: the implications for commodity repo transactions

 
Trade & Forfaiting Review
May 26, 2015

Anna Koshy authored an article, "Mercuria v. Citibank: the implications for commodity repo transactions," published in the May 26, 2015 issue of Trade & Forfaiting Review.

The article discusses what effect the judgment in the Mercuria v. Citibank case, handed down recently by the English High Court, may have for commodity repos, commercially and legally.

In particular, the article looks at the judge’s encouraging approach to true sale structures, the key issues discussed in the judgment regarding requirements for delivery under English law, and some key points to note from this case in respect of how repurchase transactions are documented and structured.