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.
In Standard Chartered Bank (Singapore) Ltd v. Maersk Tankers Singapore Pte. Ltd., [2022] SGHC 242 decided 27 September 2022, High
Following an August 2022 change in its leadership, the Central Bank of Egypt has eased foreign currency restrictions by permitting
In a recent discussion of hot-button issues impacting compliance in the US, industry specialists identified and addressed five areas: * the
After a 41-year career practicing commercial litigation at Otterbourg, Stanley L. Lane, Jr. retired from the New York law firm
One Draft Opinion will be discussed at the ICC Banking Commission’s next quarterly meeting in October 2022. The Draft
On 3 August 2022, the European Union issued notice to operators in which it granted “specific and temporary derogations and
On 16 Aug, Bangladesh Bank’s Foreign Exchange Policy Department issued FE Circular Letter No. 31 to clarify that foreign
US Treasury’s Financial Crimes Enforcement Network (FinCEN) and the US Department of Commerce’s Bureau of Industry and Security
Two dozen unnamed international banks have agreed to confirm LCs supporting grain imports from Russia, according to a 25 Aug
After months of depleting US dollar reserves and denial of importers’ LCs amid the country’s dire foreign currency crisis, some Sri Lankan banks have managed to honour LCs.
A small portion of India’s USD 16m import order for 36,000 Vande Bharat train wheels from a Ukrainian
A recent Paper released by S&P Global Market Intelligence offers insights on developments stemming from the increase in
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