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.
Long-time trade finance operations manager Francis Ho died 1 October 2022. Francis who started in banking in October 1972 spent his entire working career at Malayan Banking Berhad (Maybank) Singapore until his retirement in July 2017. As an established professional in the field, Francis looked after Maybank’s trade finance back-end operations. Well-known and beloved throughout the Singapore letter of credit community, Francis was active with the Association of Banks in Singapore (ABS) and participated in IIBLP’s Annual LC Survey events on a regular basis for many years.
“Francis was very knowledgeable and well-respected by his trade staff at MBB”, said retired Singapore banker Joe Yap who knew Francis since 1988. “Even after his retirement, the MBB trade staff still sought Francis’ his advice through a WhatsApp group.”
Dr. Soh Chee Seng, ABS Technical Consultant, added: “Francis had been with me in the Trade Standing Committee of ABS for many years. He was knowledgeable and always there when people asked for his advice. His departure is a loss for the trade banking industry.”
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
In an attempt to clarify aspects of UCP600 Article 10, the ICC Banking Commission has issued its 10th Technical Advisory
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