OBSTACLES TO TRADING

September 26th 2019, 16:15-18:30

Venue: Hotel Pestalozzi, Piazza Indipendenza 9, 6900 Lugano (Switzerland)

Presentation by:

Partners of EELA (European Energy Lawyers Association)

Michaela Duve – Paul Johnson – Olli Mellman

PROGRAM

16.15 REGISTRATION

16.30 INTRODUCTION

Opening Introduction Trading Obstacles Workshop

  1. Regulatory Part (delivered by Michaela Duve and Olli Mellman)
  • Brief overview of regulation affecting a Swiss based commodity trader in Switzerland, the EU, Singapore and the United States
  • Special update on new regulations in Switzerland
  • Impact of REMIT on Swiss traders for LNG, natural gas and power trading
  • Overview of the operational impact of current sanction regimes for Swiss based traders
  1. Special focus on metals trading (delivered by Paul Johnson)

OFAC Sanctions applicable to LME warranted metals in practice: Issues & solutions

  • Outline of OFAC sanctions applicable to physical metals trading and delivery
  • Physical trades, and maturing long futures positions (incl LME, ICE)
  • Sanctioned jurisdictions for LME deliverable metal brands/warrants
  • Sanctioned vessel ownership / beneficial ownership (C&F and FOB deliveries)

Physical deliveries relating to precious metals – gold, gold dore, platinum and palladium ores: Issues & Solutions

  • Sanctions issues in relation to precious metals, ores, refining precious metals and crediting of unallocated gold by location
  • Air transport and cargo insurance issues

Questions and Answers

18.30 DRINKS AND NETWORKING WITH THE PARTICIPANTS

FREE ENTRANCE

In cooperation with