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.
Despite established rules like the eUCP and eURC, the practical implementation of electronic presentations lags. Except perhaps via email and Fax...
Summary takeaways from the ICC Banking Commission Technical Meeting
Asian Development Bank and partners organized an event in Beijing advocating for MLETR adoption in China, addressing challenges posed by fragmented legislation, and highlighting rapid growth in electronic transactions.
Following revision of its Terms of Reference for handling the technical side of its work, the ICC Banking Commission announced the confirmation of Ms. Farideh Tazhibi of ICC Iran and Mr. Jin Saibo of ICC China as Technical Advisors.
The ICC announced on 13 August 2023 release of the first application programming interface (API) industry standards for bank guarantees
At its third quarterly meeting of the year conducted virtually on 11 July 2023, the ICC Banking Commission reported on
Citing frequent instances expressed on social media and otherwise where the types of invoices acceptable or not under UCP-issued documentary
error in initial date in DCW PDF but fixed here.
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