Pakistan Curbs Imports
State Bank of Pakistan (SBP), Pakistan’s central bank, initiated a curb on imports in order to control foreign currency outflow due to Pakistan’s depleting foreign currency reserve situation.
India Wheat Exports Grows Despite Government Restrictions
In spite of government restrictions imposed in May 2022, wheat exports have since doubled due to pre-existing orders, the impact
Cleareye.ai, J.P. Morgan Collaboration Aims to Solve TF Paper Puzzle
Cleareye.ai, an advanced artificial intelligence and machine learning platform, announced on 21 September 2022 its strategic alliance with J.
Prospects for Drafting Supply Chain Finance Rules Explored
While recognizing market demand among trade finance practitioners for supply chain finance (SCF) rules, the Global Supply Chain Finance Forum
ICC Briefing Takes Up Topic of Lost Documents
In the latest of its ongoing educational series, the ICC Banking Commission addresses the subject of “Documents presented by a
ICC Paper Analyzes Trade’s Role in Sustainable Development Objectives
In “Trade is critical to achieve the Sustainable Development Goals”, the ICC presents its analysis to highlight that trade is
Singapore Judge Reverses Trial Court Decision in Cargo Misdelivery Case
In Standard Chartered Bank (Singapore) Ltd v. Maersk Tankers Singapore Pte. Ltd., [2022] SGHC 242 decided 27 September 2022, High
Egypt to Ease Foreign Currency Restrictions
Following an August 2022 change in its leadership, the Central Bank of Egypt has eased foreign currency restrictions by permitting
Compelling Compliance Issues Identified and Examined
In a recent discussion of hot-button issues impacting compliance in the US, industry specialists identified and addressed five areas: * the
Commercial Litigator Stan Lane Retires
After a 41-year career practicing commercial litigation at Otterbourg, Stanley L. Lane, Jr. retired from the New York law firm
EU Advises LC Issuers, Others to Conform to Russian Oil Import Prohibitions
On 3 August 2022, the European Union issued notice to operators in which it granted “specific and temporary derogations and
ICC Draft Opinion for October 2022 Meeting Released
One Draft Opinion will be discussed at the ICC Banking Commission’s next quarterly meeting in October 2022. The Draft