Nigerian Court Freezes Funds of Bank Tied to LC Dispute
A Nigerian court has instructed the freezing of Nigerian Naira 7.15 billion (USD 5 million) at a bank accused
2025 ABA Financial Crimes Enforcement Conference: Executive Summary
The American Bankers Association’s 37th Financial Crimes Enforcement Conference took place in Arlington, Virginia in October 2025, as banks and regulators grappled with AML reform, rising fraud, stablecoins, and the growing impact of AI on financial crime controls.
MUFG Manila Issues Standbys Supporting Renewable Energy Projects
Following official launch of its sustainable trade solutions in the Philippines in November 2025, MUFG Bank, Manila Branch has issued
2025 Americas LC Law Summit: Executive Summary
For the 26th consecutive year, the IIBLP conducted its one-day Americas Letter of Credit Law Summit. Held in New York City on 5 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
ICC Clarifies Opinion Withdrawal Process
The ICC Banking Commission has released a Steering Committee Statement to its members and ICC National Committees regarding withdrawal of
ICC Releases Draft Opinion for January 2026 Session
Just one Draft Opinion will be addressed at the ICC Banking Commission’s next quarterly discussion on 27 January 2026.
2025 Americas Standby & Guarantee Forum: Executive Summary
For the 19th consecutive year, IIBLP conducted its Americas Standby & Guarantee Forum. Held in New York City on 4 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
Singapore Court Affirms Judgment, Rejects Applicant’s ISP98 Arguments
In DJY v. DJZ[[1]] involving a standby letter of credit, the Appellate Division of Singapore’s High Court dismissed
2025 ICC Trade Register Released
On 4 November 2025, ICC announced availability of its 2025 Trade Register. First produced in 2010, the ICC Trade Register
October 2025 ICC Banking Commission Meeting
The ICC Banking Commission’s quarterly meeting, held via Zoom on 21 October 2025, discussed six draft opinions, the status of Technical Advisory Briefings, a call for comments on the future of UCP and ISBP, and the emergence of stablecoin as relates to ICC rules and digital trade law.
Surrendered Bills of Lading
Excerpted from the DCW Executive Summary of the 2025 ICC Banking Commission Meeting ICC Draft Opinion TA949 Dealing with a
Singapore Court Upholds Running Account Despite Sham Deals
When businesspeople engage in mutual business dealings and loans to each other under multiple corporate entities they operate but their