India: Arbitration appeal dismissed in ARSS-SIPS v. Union of India
The High Court of Chhattisgarh, Bilaspur, has dismissed an arbitration appeal against a commercial court order, rejecting an application to enjoin payment of a performance bank guarantee.
UAE Central Bank Fines Unnamed UAE Bank for Poor AML Systems
The Central Bank of the UAE (CBUAE) has assessed a AED 19.5 million (USD 5.3m) financial sanction on UAE bank for poor AML / Sanctions systems
Bangladesh Bank Requires Back-to-Back LC Reporting
BANGLADESH: Bangladesh Bank, the central bank, issued a circular regarding banks’ duty to report required data of back-to-back LCs to
LSTA’s Revolving Credit Agreement: Hear from the Experts
Hear from Mike Avidon, Bridget Marsh and Jeffrey Nagle on the latest from the LSTA's Syndicated revolving credit agreement.
Trade Technologies Opens Office in Dubai
Trade Technologies, an international trade document solutions provider, announced its opening of an office in Dubai, UAE. Founded in 1999
Egypt’s Central Bank Mandates LC Use for Imports
The Central Bank of Egypt announced in mid-February 2022 that Egyptian banks must only accept letters of credit for the purchase of imports.
Sanctions Watch
Below is a quick list of sanctions imposed upon Russia by the EU, UK, and US regulators.
UAE Transitions to New Work Week Schedule that Matches Western World
UAE Aligns work week schedule with western workdays
Surecomp Announces Partnership with Enigio
Surecomp Announces Partnership with Enigio to embed trace:original into API-based digital trade flows.
LC Issuer Unable to Recover Funds in Singapore “Round-Tripping” Case
In Crédit Agricole Corporate & Investment Bank, Singapore Branch v. PPT Energy Trading Co Ltd [2022] SGHC(I) 1, the