White & Case Advised TOTSA On Strategic Commodities Trading Joint Venture With Bapco Energies
White & Case advised TOTSA on strategic commodities trading joint venture with Bapco Energies
The leading global law firm, White & Case LLP advised TOTSA TotalEnergies Trading, S.A. (TOTSA) on its strategic commodities trading joint venture with Bapco Energies B.S.C., the energy investment arm of the Kingdom of Bahrain. The parties, who have been jointly developing an asset-backed trading business through an unincorporated joint venture since 2024, have now established a 50:50 incorporated joint venture based in the Dubai International Financial Centre, operating under the name BxT Trading. The joint venture is expected to commence trading in early 2026.
David Lewis (Partner, London) of White & Case, who co-led the deal team, commented,
“This joint venture reflects the increasing importance of long-term strategic partnerships in the energy sector and demonstrates White & Case’s ability to support complex joint ventures involving state-owned enterprises and global market participants.”
Nick Crawford (Partner, London), also co-leading the transaction, said,
“This multifaceted strategic partnership is built around international trading expertise and regional energy capabilities, providing a blueprint for sector participants seeking to combine core competencies to unlock long-term value.”
The White & Case team was led by David Lewis (Partner) and Nick Crawford (Partner), with support from Marta Zieba (Associate) and Gabrielle Margerison (Associate), and included partners Lindsey Canning, Margot Berry, Anneka Randhawa, Stephen Shergold (London), Maria Beguiristain (Miami), Xavier Hubert, Jeremie Marthan (Paris), counsel Annabel Hodge (London), and associates Amy Detheridge, Nadia Romano, Veronica Pagnoni, Margot Davies (London), Rahel Wendebourg (Paris).
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