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?
Should an issuing bank pay if presented documents comply, but it learns of recent news that an entity involved within the transaction (shipping company, inspection service, etc) has been blocked and added to the sanctions list?
With the pace of information reaching us today via the internet and other news outlets, this scenario is certainly viable and was a recent topic of discussion during the IIBLP’s Asia Advisory Council meeting.
From courtrooms in Illinois to conference halls in Singapore, this issue unpacks the rulings, risks, and rule debates in today’
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
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