This month, DCW unpacks the legal and practical shifts reshaping trade finance interpretation. Why are ICC Opinions becoming increasingly scarce?
Writing as a trade finance professional with a long background in the business, Dave Meynell offers his personal views on factors contributing to the sharp reduction in ICC Official Opinions issued over the past several years.
With the causation defence being increasingly engaged in misdelivery cases, there is a great deal for banks and shipowners to learn from The “Maersk Katalin” case.
Within the recent past, trade finance banks have suffered billions in losses due to fraud. This has obliged many banks to reconsider their role in financing trade flows whilst others have simply abandoned the business. Citing Glencore, Navig8 Armetrine, and Hin Leong
On a positive note, Bangladesh has experienced a sharp decline in trade-based money laundering in recent months “following intensifying monitoring
Natural gas company GAIL Limited, in coordination with Axis Bank, has announced it is the first Indian corporate to go
Further to their June 2022 release of a joint alert, US Treasury’s Financial Crimes Enforcement Network (FinCEN) and the
A bill to amend New York State’s Uniform Commercial Code (UCC) and adopt a new Article 12 (Controllable Electronic
Prominent Chinese lawyer Saibo Jin alerted delegates at the IIBLP Annual Survey of LC Law & Practice in Hong Kong
ChatGPT and human oversight for drafting and reviewing LC transactions in the AI age.
Unreimbursed LC Issuer alleged sham transaction between Beneficiary and insolvent Applicant.
-- needs image of Marine Certificate of Insurance, p. 46 of May 2023 DCW
Examining "Green Guarantees": investigating their essence, providers, viability, and the involvement of Corporates and Financial Institutions.
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial
