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.
The Reserve Bank of India (central bank) has assessed an INR 1.25 crore (USD 153,000) penalty against Zoroastrian
In Wildman v. Deutsche Bank, the US District Court for the Eastern District of New York dismissed an action brought
According to published reports, the EU appears to be on a path for abandoning a planned tenet of Basel reforms
Inflationary pressures and resulting interest rate hikes are forcing captive insurers that have relied on letters of credit as a
A chronic concern for banks is when intended LC beneficiaries – often government agencies, municipalities, insurance companies, and other so-called power
Lloyd’s of London, AIG, Chubb, Swiss Re, and seven other insurers contend that they are not obligated to pay
Three Draft Opinions were presented for discussion at the ICC Banking Commission’s latest quarterly meeting on 31 January 2023.
The Trade Finance community was deeply saddened at the passing of Rita Ricci on 14 January 2023 after her courageous
24 concurrent breakout sessions addressing a wide range of specific areas impacting financial crime enforcement, and breakfast and luncheon presentations.
Concluding a distinguished career in law, Peter H. Carson retired from Sheppard Mullin at the end of 2022. After starting
With Iranian banks and some Russian banks unable to use SWIFT, the central banks of the two countries signed an
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