Our people

Breadcrumb trail:

Directory

Skip to site utilities and navigation

Luca Salerno

Salerno,L_web image

Counsel

London

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

  • View all...

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