This month, we're spotlighting the challenges and hard-earned lessons emerging from LC disputes and sanctions enforcement crackdowns. Carter
DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
Continuing an annual survey written by top legal experts each year since 1992, Carter Klein examines the most significant letter of credit issues emerging from cases decided in 2023.
No country has greater reliance on letters of credit than Bangladesh so it is reasonable to surmise that reports in
On 16 Aug, Bangladesh Bank’s Foreign Exchange Policy Department issued FE Circular Letter No. 31 to clarify that foreign
Two dozen unnamed international banks have agreed to confirm LCs supporting grain imports from Russia, according to a 25 Aug
Bangladesh Bank’s Foreign Exchange Policy Department (FEPD) issued FE Circular No. 09 (17 May 2022) to its Authorized Dealer
Citing inflation as a major challenge in the coming months, Bangladesh’s Metropolitan Chamber of Commerce and Industry (MCCI) recommended
According to figures released by Bangladesh Bank, the country’s central bank, settlement of import LCs jumped nearly 50% to
Bangladesh Bank plans to reduce Import LCs by increasing he margin requirements for opening the LC. See how that affected issuance numbers.
Eastern Bank Ltd. has announced its partnership with Visa Worldwide Pte. Ltd. to offer trustee services towards domestic settlement obligations
BANGLADESH: Bangladesh Bank, the central bank, issued a circular regarding banks’ duty to report required data of back-to-back LCs to
Pakistan’s Senate unanimously approved a bill in 2022 that envisages punishments for bank and financial institution executives who discriminate against politically exposed persons (PEPs).
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