How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
Canada's Court of Appeal of Alberta affirmed trial judgment, dismissing LC Applicant's appeal and terminating short term interim injunction.
A recent Paper released by S&P Global Market Intelligence offers insights on developments stemming from the increase in illicit trade behaviours following the gradual rollout of stringent sanctions targeted at Russia.
“The Impact of Russia’s Invasion of Ukraine: A Trade Finance Compliance Perspective – August Update” (8 pages), freely available on request from S&P Global Market Intelligence, addresses vessel activity in the Crimea Joint War Committee (JWC) high-risk zones, illicit shipping tactics, suspected theft of Ukrainian grain by Russian and Syrian bulk carriers, Russian oil movements, Russian supply chain trends, and dual-use goods and commodities of concern.
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.
Five draft opinions – some garnering much more attention than others – were finalized in an ICC Banking Commission quarterly discussion session
Following the discussion of ICC Opinions on 2 July 2024, updates on other ICC Banking Commission projects were given. ICC
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