Writing as a trade finance professional with a long background in the business, Dave Meynell offers his personal views on factors contributing to the sharp reduction in ICC Official Opinions issued over the past several years.
Economic sanctions challenge lawyers to navigate compliance and regulatory interpretations. The historical case of Shanning International v. Lloyds TSB Bank highlights the ongoing nature of demand guarantees amidst changing sanctions. Recent US OFAC views also complicate trade finance obligations.
