July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
1 min read
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.
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