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Global law firm Willkie Farr & Gallagher has appointed Britt Mosman as a partner in its global trade and investment practice group, based in Washington, DC.
Mosman joins the firm from the US Department of the Treasury, where she had been an attorney advisor, providing counsel on economic sanctions and national security matters.
Before this, she had worked as a senior associate at international law firm Davis Polk and Wardell for six years, advising banks and corporates on compliance matters such as economic sanctions, anti-money laundering and anti-corruption laws.
“I look forward to working with my new colleagues to help clients across a range of industries stay ahead of the rapidly evolving regulatory and enforcement regimes that affect their cross-border transactions,” says Mosman.
Law firm Sullivan has promoted Sam Fowler-Holmes to partner in its trade finance group.
After starting his career at Dentons, Fowler-Holmes joined Sullivan as an associate in 2013. He specialises in structured and unstructured trade, commodity and export finance, advising both financial institutions and corporate clients on a range of products including pre-export and prepayment financing, letter of credit and payment instrument facilities, and working capital and borrowing base financings.
Following his promotion, which takes immediate effect, he will work alongside partners Geoffrey Wynne, Simon Cook, Mark Norris and Marian Boyle in the firm’s London office.
Welcoming him to the role, Wynne, head of the London office and of the firm’s trade and finance practice, says: “I am delighted that Sam has been promoted to partner in London. He has broad experience and deep knowledge of trade and export finance, across all the key industries in this sector, and is a huge asset to ou
Singapore-based fintech firm Triterras, which operates the Kratos trade finance platform, is facing legal challenges over its possible exposure to former sister company Rhodium Resources.
Several US law firms, including Bernstein Liebhard, Schall Law and Klein Law Firm, are appealing to Triterras investors to join a class action lawsuit against the company, alleging they were misled about the extent to which it was financially dependent on Rhodium, a commodities trader that has fallen into financial difficulties.
Srinivas Koneru, Triterras’ founder, executive chairman and chief executive, is also founder and chief executive of Rhodium, which now trades as Antanium Resources, and Triterras’ initial launch involved moving Rhodium customers onto its platform.
The Export-Import Bank of the United States (US Exim) has announced an “historic” change to its domestic content rules, as it bids to finetune its fledgling programme on China and boost support to key battleground sectors such as 5G and quantum computing.
As part of the new policy, US Exim has agreed to cut the minimum local content required from 85% to 51% for projects it backs through its ‘Program on China and Transformational Exports’.
US Exim was instructed by Congress to set up the China programme in late 2019 to neutralise Chinese export subsidies and bolster support to 10 key sectors – including telecommunications, quantum computing and renewable energy.
Willis Towers Watson, a global advisory and broking company, has hired Lee Garvey as head of financial solutions for Australia and New Zealand.
Garvey returns to Willis Towers Watson having previously left the company in 2012. In the time since, he has worked at Marsh, a global insurance broker, most recently as head of lenders solutions for Asia.
Garvey specialises in structured credit and political risk insurance and has worked with large corporates, investments banks and funds.
In his new role, Garvey will lead the expansion of Willis Towers Watson’s financial solutions business across the Australasia region. He will oversee the development of all products within the financial solutions global line of business in the region, including credit and non-payment insurance, political risk insurance, commercial surety and terrorism and political violence.