DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
Seeking to further eliminate options for Russia’s use of the international financial system, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions more than 50 internationally-connected Russian banks, over 40 Russian securities registrars, and 15 Russian finance officials.
Among those sanctioned by OFAC on 21 November 2024, designated Gazprombank Joint Stock Company (Gazprombank) and six of its foreign subsidiaries, including GPB International SA (Luxembourg-based), GPB Financial Services Hong Kong Ltd, GPB Financial Services Ltd (Cyprus-based), GPB-DI Holdings Ltd (Cyprus-based), Gazprombank (Switzerland) Ltd, and GPB Africa and Middle East Pty Ltd (South Africa-based).
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
In 2022, the ICC Banking Commission began handling and discussing ICC Opinions on a quarterly basis instead of on a
A presentation made at a recent meeting of LC bankers offered insights regarding specialists’ understanding of US regulatory requirements with
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