Clifford Chance advises Contour's Series A+ financing; EU-Ukraine sign preliminary deal on key raw materials for batteries; BAFT releases FAQ on LIBOR transition, impact to trade finance

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Law firm Clifford Chance has advised the ground-breaking blockchain digital trade finance network, Contour, on its Series A+ preferred financing and fundraising round, securing new investment from Sumitomo Mitsui Banking Corporation as well as existing investors

• The European Union (EU) and Ukraine have signed a memorandum of understanding (MoU) covering critical raw materials and batteries as the 27-country bloc tries to diversify supplies following disruptions caused by the pandemic

• The leading global financial services association for international transaction banking - BAFT - has announced the publication of the first edition of LIBOR Transition: Impact on Trade Finance – Frequently Asked Questions Guide to inform and respond to frequently asked questions related to LIBOR transition for U.S. Dollar and UK Pound Sterling

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.