ICC Opinions Discussed at January 2023 Session
Three Draft Opinions were presented for discussion at the ICC Banking Commission’s latest quarterly meeting on 31 January 2023.
In Memoriam: Rita Ricci (1959-2023)
The Trade Finance community was deeply saddened at the passing of Rita Ricci on 14 January 2023 after her courageous
2022 ABA/ABA Financial Crimes Enforcement Conference: Executive Summary
For the first time in three years, the American Bar Association and the American Bankers Association (ABA) hosted their Financial Crimes Enforcement Conference in-person, 5-7 December 2022.
Banking & Finance Lawyer Peter Carson Retires
Concluding a distinguished career in law, Peter H. Carson retired from Sheppard Mullin at the end of 2022. After starting
Iran, Russia Agree on SWIFT Substitute
With Iranian banks and some Russian banks unable to use SWIFT, the central banks of the two countries signed an
The Depths of Crypto Mining
Favorable power costs and relatively low land prices are two factors that have attracted cryptocurrency miners to the US state
LC Community Pays Tribute to Hugo Verschoren (1956-2022)
The Trade Finance community has lost not only a great expert, but also a warm personality. Hugo Verschoren started his
LC Legend Jim Barnes Retires
Following a career of more than 50 years as a lawyer, including more than three decades concentrating on letters of
MT799 Misuse Diminishing, but Still Occurs
Very few banks will now issue an LC using the SWIFT MT799 format as most banks, especially in Europe, will
ICC Draft Opinions Released for January 2023 Discussion
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Successor by Operation of Law and Amendments
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being presented