Recently Decided Cases
DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
Sri Lanka’s Power and Energy Minister has sought Cabinet approval for emergency purchases of coal, but importers have been informed by People’s Bank that it is not possible to open LCs.
Sri Lanka’s Power and Energy Minister has sought Cabinet approval for emergency purchases of coal, but importers have been informed by People’s Bank that it is not possible to open LCs.
According to The Sunday Times, Russia-based Black Sand Commodity (Pvt) Ltd had won the tender for coal supply, but an unnamed civil organisation had instructed People’s Bank in writing not to open an LC for Black Sand.
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