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.
David Meynell updates the ICC on the UK Electronic Trade Documents Act (ETD Act), highlighting its synergy with the UN Model Law, ICC rules, and practice guidelines. The paper explores key clauses, emphasizing harmonization and functional equivalence between the ETD Act and international frameworks.
Launched at the G7 Summit in 2018, the 2X Challenge is an initiative to elevate gender lens investments, including enhanced access to finance and business leadership opportunities for women.
Although letter of credit payments of USD 841.21 million for the first half of 2023 were 12.3% higher
The US Federal Bureau of Investigation’s (FBI) has reportedly begun its own probe into allegedly fraudulent letters of credit
UK Electronic Trade Documents Act 2023 was enacted on 20 July 2023. Here's what needs to happen next.
State Bank of Pakistan (SBP), the country’s central bank, has lifted restrictions on Pakistani banks opening letters of credit
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