Praj is Chair of the firm's Energy & Natural Resources Industry Group, and is based in Reed Smith’s London office. He has over 20 years of experience representing a wide range of banks, exchanges, hedge funds and energy and commodity companies in a variety of transactional, cross-border regulatory, compliance and risk management matters within the energy sector.
Praj has extensive experience working on transactions involving the acquisition and disposal of energy and non-energy commodity portfolios and businesses; along with more structured transactions, involving energy management and market optimisation structures. He has documented, structured, analysed and negotiated both physical and financial UK and European energy commodity arrangements (inter alia, trading agreements, offtake and marketing arrangements, and intermediation structures) in coal, freight, gas, LNG, oil and power and uranium for a range of clients. He also has transactional and regulatory experience in non-energy commodities such as cocoa, sugar and grain, and also in metals trading and metals warehousing.
Praj has an in-depth knowledge of cross-border regulation, including Bribery Act issues and commodities trading compliance relating to the marketing, trading and post-trading consequences of energy commodity derivatives trading in a number of jurisdictions outside the UK. In addition, he has advised clients on UK/EU regulations and legislation relating to the energy and financial services sectors (including advising clients on the impact of EMIR, REMIT, MAD/MAR, MiFID2/MiFIR and other EU regulatory initiatives).
Praj is recognised as a Leading Lawyer in the latest edition of Legal 500 UK and as a ‘recognised practitioner’ in Chambers UK.
- Chambers UK 2022 describers Praj as “excellent and one of the sharpest legal minds I have had the pleasure of instructing." "He stands out for his constant availability, for driving the team, and his ability to give advice under pressure."
- Legal 500 UK 2020 describes Praj as “a very smart cookie with an excellent bedside manner. He is very knowledgeable and commercial, a pleasure to deal with”.
- Legal 500 UK 2019 describes Praj as an “excellent problem solver”
- Legal 500 UK, 2017 describes Praj as a “great transaction lawyer” who has “very good expertise and knows the market exceptionally well”.