Singapore

Judgment for Confirming Bank that Dishonoured Complying Documents Reversed

-- link to Kuvera case

Chian Teck Realty Pte Ltd. v. SDK Consortium [2023]

[2023] SGHC 210 [Singapore] Cases Referenced: * CRK Contract Services Pte Ltd. v. Asplenium Land Pte Ltd. [2015], [2015] 3 SLR

Singapore Registry Aims to Thwart Trade Finance Fraud

In a move designed to counteract the risk of duplicate financing and elevate confidence in trade financing dealings among banks

Singapore’s eGuarantees Bring Efficiencies to Process

The Singaporean government launched eGuarantee@Gov, a simple and secure digital process whereby businesses and individuals can provide Electronic Bank Guarantees to Singapore Government agencies.

In Memoriam: Francis Ho

Long-time trade finance operations manager Francis Ho died 1 October 2022. Francis who started in banking in October 1972 spent

Singapore Court Dismisses Bank’s USD 37m Claim Related to Hin Leong Transaction

In UniCredit Bank A.G. v. Glencore Singapore Pte. Ltd. decided 21 October 2022, the High Court of Singapore dismissed

MonetaGo to Engineer Singapore’s Trade Finance Registry

The Trade Finance Registry (TFR), an initiative undertaken by the Association of Banks in Singapore (ABS) to combat duplicate financing

Singapore to Require Additional Safeguards to Stop Digital Banking Scams

To further safeguard customers from digital banking scams, the Monetary Authority of Singapore (MAS) and the Association of Banks in

Impact of Singapore’s Code of Best Practices Has Been Varied

It has been more than 18 months since the Association of Banks in Singapore (ABS) published the “Code of Best

Investment Firm Receiver Sues Law Firm for Malpractice for Failing to Discover Fraud

Singapore Still Dealing with Hin Leong Fallout

Two years after news of the Hin Leong Trading debacle surfaced and fraud in the commodity trading sector came to light, repercussions are still being felt.