September Roundup
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period
Houthi attacks in the Red Sea have led to major disruptions in global trade routes. With increased criminal activity and reduced visibility, banks are under increased pressure to meet sanctions and counter terrorism requirements.
Balancing wonder with accessibility is vital for innovation and ethical use of trade tech, especially as advancements transform trade finance, making it more efficient and secure.
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September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC
Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
On 15 Feb 2023, DCSA members pledged to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.
The Bank of England reversed its plan to raise trade finance capital requirements from 20% to 50%, aligning with the EU approach but raising insurance-related requirements.
Beneficiary presented late shipment documents under an LC. The issuing bank deducted penalties without a refusal notice, raising debate on clause 47A-7, UCP 600, and consent.
Seeking to capitalize on recent meetings with high level officials of Russia and following a July 2024 session of the
Ethiopia’s central bank’s simultaneous announcement and roll out of major foreign exchange reforms on 29 July 2024 caught
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC
Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
On 15 Feb 2023, DCSA members pledged to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.
When issuing banks insert complex reimbursement terms and self-serving conditions into their credits, it distorts the purpose of the product, causes problems for confirming banks, and drives exporters away from using LCs.
Argentine lawyer Jorge Riva highlights how ICC rules are already providing an adequate environment for accommodating electronic means and how intense work continues for expanded use of electronic credits.
This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.
Exploring the steps and considerations for banks to effectively navigate the complexities of true sale unfunded risk participation, identifying product and regulatory nuances, and understanding practical applications through use case scenarios.
Applicant motioned for preliminary injunction following failed mediation.
Issuer sued beneficiary alleging sham transaction and breach of warranties; beneficiary and prior sellers lodged indemnification claims.
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
The Canadian Supreme Court affirmed Quebec appellate and trial courts, upholding permanent injunction restraining Counter-Guarantor against payment of demand by Counter-Guarantee Beneficiary.
A detailed review and analysis of the letter of credit issuance statistics from US Banks for the 2nd Quarter of 2023.
After US federal government agencies warned that “prime bank” instruments lacked legitimate use in the mid-1990s and the US Securities
Two officials from Asia Insurance, Bangladesh, were fined for embezzling BDT 22.7M via forged documents linked to TVS Auto.
India’s Central Bureau of Investigation (CBI) is looking into a complaint, alleging that a Mumbai-based civil construction firm and
Further to previous DCW reporting of a scam involving use of a bogus document labelled a standby letter of credit
This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.
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