This month, we're spotlighting the challenges and hard-earned lessons emerging from LC disputes and sanctions enforcement crackdowns. Carter
DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
Continuing an annual survey written by top legal experts each year since 1992, Carter Klein examines the most significant letter of credit issues emerging from cases decided in 2023.
Following its review under the Extended Fund Facility (EFF) for Pakistan, the International Monetary Fund (IMF) announced on 29 August an immediate disbursement of USD 1.1b in financial assistance to Pakistan.
In a recent discussion, US west coast bankers considered a Commercial Export LC indicating in SWIFT Field 44F: “Port of
In its June 2022 list of jurisdictions under increased monitoring, the Financial Action Task Force (FATF) identified 23 jurisdictions with
In the latest of its ongoing series of technical advisory briefings released on 27 June 2022, the ICC Banking Commission addressed the subject of “Reducing Discrepancy Rates under Documentary Credits” (TAB-3)
Another scenario discussed in the meeting of US west coast bankers centered around a commercial LC requiring under 46A: 1.
In a move to curb use of ante-dated LC documentation to circumvent Indian law banning wheat exports, India’s Directorate
Stung by the massive letter of credit scandal committed against Punjab National Bank (Feb 2018 DCW 44), India’s central
Prime Minister Shehbaz Sharif has promised that the Pakistani government will intervene on behalf of oil refineries facing potential shutdown
In the 100th year of its organizational existence, BAFT conducted its Global Annual Meeting on 1-4 May 2022 in Washington, DC, as a hybrid event to accommodate in-person and virtual attendees. The conference began with a gala dinner to mark the centennial celebration.
The Trade Finance Registry (TFR), an initiative undertaken by the Association of Banks in Singapore (ABS) to combat duplicate financing
Bangladesh Bank’s Foreign Exchange Policy Department (FEPD) issued FE Circular No. 09 (17 May 2022) to its Authorized Dealer
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