Energy traders ignore legal risk at their peril

Legal risk can be disastrous but is hard to tackle, argues Kaminski

Vincent Kaminski
Vincent Kaminski

From the point of view of quantitative modelling, legal risk is one of the least explored exposures hidden in the business of any energy company. This is not surprising: legal risk is heterogeneous, multidimensional and defies efforts to analyse it in a quantitative way.

Nevertheless, it is important. Legal risk tends to metastasise into price or credit exposures, reputational hazard, lost business, excessive litigation costs and the diversion of managerial energy into unproductive activities

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here