DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
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Following an August 2022 change in its leadership, the Central Bank of Egypt has eased foreign currency restrictions by permitting lenders to use foreign currency account balances to obtain LCs.
To the extent this will make an appreciable difference in reducing the country’s sizable import backlog is unknown.
According to local reports, US dollars have dried up from the interbank market and traders have experienced considerable difficulty securing hard currency through LCs in order to import goods.
We’re pleased to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Two
In addition to treatment of two ICC Draft Opinions, highlighting the first day of the next ICC Banking Commission Meeting
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