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.
According to DCW sources, continued fighting between warring forces in Sudan has rendered the situation extremely grave for civilians and severely disrupted public life. No banks are operating in Khartoum, Sudan’s capital, where most of the trade finance business is centralized and many bankers have sought refuge elsewhere.
Even most of the banks which had positioned themselves to offer online services have been unable to deliver services in recent months due to lack of electricity supply and scarcity of water.
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
Upon request of its customer, Lummus Technology Heat Transfer B.V., Credit Agricole Corporate & Investment Bank issued a letter
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