US UCC Article 5’s Non-Variable Provisions
How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
At year-end 2022, the Central Bank of Egypt (CBE) announced cancellation of its mandate requiring use of letters of credit
A collaborative initiative underway among the International Chamber of Commerce United Kingdom (ICC-UK), the Centre for Digital Trade and Innovation
Turkey, by way of Presidential Decree No. 6785, has declared a three-month state of emergency in ten provinces impacted by
Published reports about the sudden collapse of Americanas SA into bankruptcy protection in mid-January 2023 suggest that the major Brazil
Two draft opinions, one new and one re-submitted, were released in mid-February to ICC National Committees for review and comment
EU Parliament may keep trade finance instruments' CCF at 20% instead of 50%. Trade specialists urge caution; Cazenove of Societe Generale warns against potential risks to corporates and economies.
Punjab Health Minister Dr. Javed Akram directs Bank of Punjab to issue Letters of Credit (LCs) for crucial pharmaceutical imports amidst concerns over foreign currency constraints. Details on safeguards and bank selection remain unclear. Stay updated on this development.
The next ICC Opinions session will take place on 18 April 2023 in a purely virtual setting, followed by a
No country has greater reliance on letters of credit than Bangladesh so it is reasonable to surmise that reports in
Effective 1 January 2023, Professor Michelle Kelly-Louw has been appointed Head of the Department of Commercial Law for a three-year term at the University of Cape Town (UCT)
In an effort to boost protection of the country’s dwindling foreign reserves, the government has directed all importers to
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