This month, DCW unpacks the legal and practical shifts reshaping trade finance interpretation. Why are ICC Opinions becoming increasingly scarce?
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.
With the causation defence being increasingly engaged in misdelivery cases, there is a great deal for banks and shipowners to learn from The “Maersk Katalin” case.
Published reports about the sudden collapse of Americanas SA into bankruptcy protection in mid-January 2023 suggest that the major Brazil
Two draft opinions, one new and one re-submitted, were released in mid-February to ICC National Committees for review and comment
EU Parliament may keep trade finance instruments' CCF at 20% instead of 50%. Trade specialists urge caution; Cazenove of Societe Generale warns against potential risks to corporates and economies.
Punjab Health Minister Dr. Javed Akram directs Bank of Punjab to issue Letters of Credit (LCs) for crucial pharmaceutical imports amidst concerns over foreign currency constraints. Details on safeguards and bank selection remain unclear. Stay updated on this development.
The next ICC Opinions session will take place on 18 April 2023 in a purely virtual setting, followed by a
No country has greater reliance on letters of credit than Bangladesh so it is reasonable to surmise that reports in
Effective 1 January 2023, Professor Michelle Kelly-Louw has been appointed Head of the Department of Commercial Law for a three-year term at the University of Cape Town (UCT)
In an effort to boost protection of the country’s dwindling foreign reserves, the government has directed all importers to
The Reserve Bank of India (central bank) has assessed an INR 1.25 crore (USD 153,000) penalty against Zoroastrian
In Wildman v. Deutsche Bank, the US District Court for the Eastern District of New York dismissed an action brought
According to published reports, the EU appears to be on a path for abandoning a planned tenet of Basel reforms
Inflationary pressures and resulting interest rate hikes are forcing captive insurers that have relied on letters of credit as a
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