HFW in Philippines vaccine deal

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HFW in Philippines vaccine deal

Holman Fenwick Willan (HFW) has advised a Manila-based consortium, the International Container Terminal Services Inc (ICTSI) Foundation, on a landmark public-private agreement to acquire 7 million covid-19 vaccines.

The consortium, which comprises 300 Philippines-based private sector organisations, entered into a tripartite agreement with the Philippine government and US drug maker Moderna. The deal brought the total number of Moderna vaccines purchased by the Philippines to 20 million.

The London-based HFW team was led by shipping and marine insurance partner Craig Neame, with the help of legal director Catherine Emsellem-Rope, senior associate Peter Emery, associate Stephanie Koh and consultant Nick Hutton.

“We are proud to have helped ICTSI on this important matter,” said Neame. “This unique public-private initiative will help supply much needed vaccines to the people of the Philippines.”

HFW advised on a wide range of issues, including on the complex contractual chain, which involved multiple agreements for the purchase of the vaccines, the ordering and allocation of vaccines to the consortium members, and logistics services to get the vaccines into the Philippines.

Hong Kong-based healthcare services provider, Zuellig Pharma, was appointed to transport and store the vaccines.