How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
Canada's Court of Appeal of Alberta affirmed trial judgment, dismissing LC Applicant's appeal and terminating short term interim injunction.
Trade Technologies, an international trade document solutions provider, announced its opening of an office in Dubai, UAE. Founded in 1999 and headquartered in Austin, Texas, Trade Technologies now maintains 17 offices worldwide.
“The Middle East is an important region for most of our multinational customers and almost 10% of the USD13 billion of transactions we processed last year flowed through the Middle East,” said Trade Technologies President and CEO Kirk Lundburg in a 7 February 2022 announcement. According to the company, its TradeSharp Platform was used in 2021 to process over 60,000 letter of credit, documentary collection, and open account trade transactions for which over 32,000 sets of trade documents were delivered electronically.
Five draft opinions – some garnering much more attention than others – were finalized in an ICC Banking Commission quarterly discussion session
Following the discussion of ICC Opinions on 2 July 2024, updates on other ICC Banking Commission projects were given. ICC
In an attempt to clarify aspects of UCP600 Article 10, the ICC Banking Commission has issued its 10th Technical Advisory
Upon request of its customer, Lummus Technology Heat Transfer B.V., Credit Agricole Corporate & Investment Bank issued a letter
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