DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
This month, we're spotlighting the challenges and hard-earned lessons emerging from LC disputes and sanctions enforcement crackdowns. Carter
The appeal in Zenrock. In a crude oil transaction, a bank issuing an LC accused the buyer of fraud, leading to dishonor of the LC; however, the court ruled in favor of the seller...
-- link to Kuvera case
[2023] SGHC 210 [Singapore] Cases Referenced: * CRK Contract Services Pte Ltd. v. Asplenium Land Pte Ltd. [2015], [2015] 3 SLR
In a move designed to counteract the risk of duplicate financing and elevate confidence in trade financing dealings among banks
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.
Long-time trade finance operations manager Francis Ho died 1 October 2022. Francis who started in banking in October 1972 spent
In UniCredit Bank A.G. v. Glencore Singapore Pte. Ltd. decided 21 October 2022, the High Court of Singapore dismissed
The Trade Finance Registry (TFR), an initiative undertaken by the Association of Banks in Singapore (ABS) to combat duplicate financing
To further safeguard customers from digital banking scams, the Monetary Authority of Singapore (MAS) and the Association of Banks in
It has been more than 18 months since the Association of Banks in Singapore (ABS) published the “Code of Best
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