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.
Further to previous reporting (“Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes”, April 2022 DCW 6), the Commercial
For the 31st consecutive year, the Institute of International Banking Law & Practice conducted its Americas Annual LC Survey conference, 8-9 June 2023.
Lloyd’s of London, AIG, Chubb, Swiss Re, and seven other insurers contend that they are not obligated to pay
24 concurrent breakout sessions addressing a wide range of specific areas impacting financial crime enforcement, and breakfast and luncheon presentations.
With Iranian banks and some Russian banks unable to use SWIFT, the central banks of the two countries signed an
In a recent discussion of hot-button issues impacting compliance in the US, industry specialists identified and addressed five areas: * the
On 3 August 2022, the European Union issued notice to operators in which it granted “specific and temporary derogations and
US Treasury’s Financial Crimes Enforcement Network (FinCEN) and the US Department of Commerce’s Bureau of Industry and Security
Two dozen unnamed international banks have agreed to confirm LCs supporting grain imports from Russia, according to a 25 Aug
A small portion of India’s USD 16m import order for 36,000 Vande Bharat train wheels from a Ukrainian
Russia’s largest bank, Sberbank, was designated by the European Union in its seventh package of sanctions against Russian persons
A recent Paper released by S&P Global Market Intelligence offers insights on developments stemming from the increase in
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