DCW Monthly: December 2024
We’re thrilled to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Five
In the second instalment of his DCW article series on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell considers the problems contributing to chronically high discrepancy rates and offers viable solutions.
The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
The LC concept of negotiation has led to considerable misunderstanding and confusion in practice. In his article, Abdurrahman Özalp attempts to wade through areas of uncertainty and cast light on difficulties that confirming banks and beneficiaries could encounter.
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial
We’re thrilled to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Five
In October 2024, ICC printed its 2024 Trade Register Report and released access to it electronically thereafter.
In an attempt ensure global understanding of the wording “read in context with” as used in UCP600 Article 14(d)
In a landmark effort to combat Trade-Based Money Laundering (TBML), the Asian Development Bank (ADB), in partnership with the United
Blockchain-based electronic bill of lading platform, WaveBL has announced completion of its proof of value (POV) testing with Swift, five
Maybank Singapore has announced collaboration with PracBiz, which will enable the bank to offer supply chain financing to qualified users
Seeking to further eliminate options for Russia’s use of the international financial system, the US Treasury’s Office of
Stemming from Kuvera Resources Pte Ltd. v. JPMorgan Chase Bank, N.A. where the High Court of Singapore determined that
Pakistan has embarked on an ambitious multi-year plan to transform its financial system into a Shariah-compliant framework by 2028. Two trade finance specialists explain what this entails and the inherent challenges and opportunities it presents.
When issuing banks insert complex reimbursement terms and self-serving conditions into their credits, it distorts the purpose of the product, causes problems for confirming banks, and drives exporters away from using LCs.
Argentine lawyer Jorge Riva highlights how ICC rules are already providing an adequate environment for accommodating electronic means and how intense work continues for expanded use of electronic credits.
This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.
We’re thrilled to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Five
In October 2024, ICC printed its 2024 Trade Register Report and released access to it electronically thereafter.
In an attempt ensure global understanding of the wording “read in context with” as used in UCP600 Article 14(d)
In a landmark effort to combat Trade-Based Money Laundering (TBML), the Asian Development Bank (ADB), in partnership with the United
Contractor Shinetec (Australia) and parent company Shanxi Construction Investment Group (standby applicant) appealed dismissal of claims against beneficiary The Gosford.
Approving letter of credit to serve as supersedeas.
Disputes over Independent Guarantee Fraud, Independent Guarantee Payment, and Improper Dishonor
Beneficiary Bayport Polymers appealed temporary injunction restraining presentation of LC documents.
For the 25th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Letter of Credit Law Summit. This Executive Summary provides an overview of topics discussed and debated at the conference hosted by Hogan Lovells in New York and conducted as a hybrid event.
Conducted by the American Bar Association and the American Bankers Association (ABA), the 36th annual ABA/ABA Financial Crimes Enforcement Conference took place 8-9 October 2024 in Arlington, Virginia.
This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.
A detailed review and analysis of the letter of credit issuance statistics from US Banks for the 2nd Quarter of 2023.
Following his May 2024 conviction on two cheating charges and one count of instigating forgery for the purpose of cheating,
The Court of the Special Judge, Central Bureau of Investigation (CBI) in Guwahati, India, has fined and sentenced five individuals
From 2014 to 2017, Indian businessman Mehul Choksi colluded with associates and bank officials to fraudulently obtain LCs and letters
India’s Central Bureau of Investigation (CBI) has arrested a man declared a “proclaimed offender” by an Indian special court
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial