Luca Salerno
Counsel
- T:
- +44 (0)20 3116 3560 (London)
- F:
- +44 (0)20 3116 3999 (London)
- E:
- lsalerno@reedsmith.com
- Vcard
Luca is an English and Italian qualified lawyer. He has worked as a commodities derivatives lawyer in London for the last nine years. His experience stems from in-house positions in an energy trading company and subsequently in an investment bank where he was responsible for the legal set up of non-oil energy trading in the EMEA region. He joined Reed Smith as Counsel in May 2008. Luca’s expertise encompasses physically and financially settled transactions having energy commodities, base metals, carbon emission allowances and freight as underlying.
Representative Matters
Advised a major U.S. investment bank in its role as lead arranger, offtaker and hedge provider in relation to a USD 1.3 billion pre-export finance transaction with a major Middle Eastern oil producer
Drafted the standard SCoTA-based and ISDA-based documentation for physical coal trading of a major U.S. financial institution
Advised two major energy trading houses in connection with the closing out of their derivatives and physical transactions with a major U.S. financial institution
Assisted two major commodity trading houses in restructuring their Freight Forward Agreements portfolio with a major market player which defaulted
Drafted the standard commodities trading documentation under the Rahmenvertrag für Finanztermingeschäfte for a UK oil major
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Publications
- "The end of the OTC market as we know it?", Funds Europe (March 2010)
- "Ask the Expert" column on OTC derivatives, Securities and Investment Review (March 2010)
- Contributed to the drafting of the MiFID Guide (Markets in Financial Instruments Directive) for commodity traders
Speeches / Presentations
- Luca is a regular speaker on derivatives, energy trading, regulatory capital and financial regulation
Experience
| 2008 | Reed Smith |
|---|---|
| 2005 | JPMorgan Chase Bank N.A - Assistant General Counsel |
| 2002 | Sempra Energy Europe Limited now part of the RBS Group - Legal Counsel |
Legal Education
| 2000 | MSc Regulation (Law and Economics) – London School of Economics |
|---|---|
| 1996 | JD (Hons) - University of Genoa |
Professional Admissions / Qualifications
- Italy
- England and Wales