Join us next week for a free webinar hosted by the Association of Trade Finance Compliance Professionals, exploring recent court
Explore Tuvalu's journey towards digital transformation in international trade. Learn how UNCITRAL, in collaboration with global partners, supports legal reforms. Tuvalu adopts the UNCITRAL Electronic Transactions Bill, aligning with global standards for electronic commerce.
In June 2023, I was requested by the United Nations Commission on International Trade Law (UNCITRAL) to provide technical assistance to the Government of the nation state Tuvalu in the field of Electronic Commerce legislation. Having attended all UNCITRAL Electronic Commerce Working Groups sessions since 2014, most recently as the Australian representative, I have made contributions and gained insights into the latest texts of the Working Group. As such, it is timely to reflect on the utility of international trade generally, and of course, to smaller nations.
Low default rates, increased flexibility, technological advancements and evolving regulations make standby letters of credit (SBLCs) an appealing option in international trade
A dispute involving an ISP98 standby and litigation in two jurisdictions raises a host of considerations. Here, Carter Klein comments on five facets of the Shinetec (Australia) Pty Ltd. v. The Gosford Pty Ltd Australian appellate court decision.
In the third instalment of his DCW article series on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell confronts continuing misplaced reliance on strict compliance.
How are LC specialists to understand UCP600 Article 38(k) in situations where a second beneficiary bypasses the transferring bank and presents documents directly to the issuing bank? Scenarios, fundamental issues, and a proposal for revising this UCP sub-article are addressed here.
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial
