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.
An April 2022 government-imposed ban on imported goods categorized as luxury items intended to curb the outflow of dwindling foreign exchange reserves will remain in effect until mid- July 2022, but traders are cautioning that contraband could flood the country to placate market shortages.
“As the government has ordered 100 percent margin amount to open a letter of credit to import alcohol, illegal imports through the open border with India have proliferated”, one businessperson told The Kathmandu Post.
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
Upon request of its customer, Lummus Technology Heat Transfer B.V., Credit Agricole Corporate & Investment Bank issued a letter
In an attempt to clarify aspects of UCP600 Article 10, the ICC Banking Commission has issued its 10th Technical Advisory
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