The ICC Banking Commission’s quarterly meeting, held via Zoom on 5 August 2025, covered three draft opinions, updates on Technical Advisory Briefings, and the status of the ISBP Revision and ISBP Education Project.
From courtrooms in Illinois to conference halls in Singapore, this issue unpacks the rulings, risks, and rule debates in today’
Given the success of practice rules and banks’ ability to more readily find resources for the proper interpretation of the rule sets, does it not make sense to avoid inclusion of a governing law or jurisdiction clause?
The ICC Banking Commission’s quarterly meeting, held via Zoom on 5 August 2025, covered three draft opinions, updates on Technical Advisory Briefings, and the status of the ISBP Revision and ISBP Education Project.
The ICC Banking Commission sent out its comments on ISBP Revision Draft 3 feedback received from 19 ICC National Committees
The ICC Banking Commission’s “ICC Official Opinion Handling Procedure and Terms of Reference”, last updated in June 2023, sets
Banque de Commerce et de Placements S.A. (BCP) of Switzerland has lost its appeal of a High Court of
For the 18th consecutive year, IIBLP conducted its Guarantee & Standby Forum for the Singapore trade finance market. Held on 19 May 2025 and hosted by S&P Global, the program was organized as a hybrid event. This Executive Summary provides an overview of topics discussed and debated.
In a recent discussion, bankers were asked how they calculate confirmation fees as a standard practice: 1) from the advising
In reversing a 2024 trial court ruling, Singapore’s Appellate Division of the High Court found that a former director
Two divisions within the US Department of the Treasury took coordinated steps on 6 June 2025 to counteract Iranian operations
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Contemporaneously with its release of its latest Draft Opinions on 6 June 2025, ICC issued a one-page memorandum note regarding
Following response in mid-2024 to proposed changes to its rules regarding letters of credit for recipients of high-cost competitive bidding
Further to a past update on ICC efforts to develop standard API for trade finance instruments in cooperation with SWIFT,
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