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 small portion of India’s USD 16m import order for 36,000 Vande Bharat train wheels from a Ukrainian supplier was produced before most of the firm’s workers joined the war effort following Russia’s military offensive launch on 24 Feb.
According to sources of India’s Hindustan Times, 128 wheels were taken to neighbouring Romania by road in April and will be airlifted to India in May. Sources indicated that payment was to be made through an LC after the deliveries were made, but gave no details about the LC.
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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