January 2025
Receiving Direct Presentation from a Second Beneficiary: What’s an Issuing Bank to Do?
How are LC specialists to understand UCP600 Article 38(k) in situations where a second beneficiary bypasses the transferring bank and presents documents directly to the issuing bank? Scenarios, fundamental issues, and a proposal for revising this UCP sub-article are addressed here.
Hard Cases – Taking Stock of How Trader Defaults and Geopolitical Events Shaped LC Court Decisions in 2024
In the first of a two-part article, Robert Parson looks back at major LC court cases of 2024 and their impact on an increasingly complex environment for trade finance.
Consolidated Electrical Distributors, Inc. v. United Renewable Energy Co. [2024]
Applicant Consolidated Electrical Distributors ex parte motion for temporary restraining order against issuer Bank of America.
Indian Importer, Officials Booked for Cheating Tied to LC
A Chennai-based importer, its director, and six former officials of a company operating under the Indian government’s Ministry of
Pakistani Businessman Charged with Export, Banking Fraud
After receiving dozens of containers filled with soil, gravel and stones instead of the valuable natural minerals it had agreed
