White & Case loses commodities star

White & Case has lost its French commodities practice following the departure of a partner to Denton Wilde Sapte

Nicholas Budd is currently working in Dentons' Paris office, although he may relocate to London in the future.
Budd, whose clients include Société Générale, WestLB, Credit Suisse First Boston, BNP Paribas and ING Barings, decided to move to a firm that was actively pursuing commodities as a practice area.
Commodity financing involves representing banks that are making loans to commodity producers in developing countries.
Budd said: “Dentons has developed an impressive team of lawyers and I felt that, for the remainder of my career, I should move to a firm with a few more commodity people.”
Dentons has five partners in the practice area in London, but the firm also boasts a commodities practice in Singapore.
French litigation partner at White & Case John Riggs said that, although he was sad to see Budd leave, he could nevertheless understand his move.
White & Case is not planning to target further commodities work.
Other firms that advise on commodity financing include Allen & Overy, Clifford Chance, Lovells and Norton Rose.