Case raises important questions and concerns about a URDG guarantee issuer’s obligations and distinguishing an independent bank guarantee from an escrow account arrangement.
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.
Two Indian banks which lost funds nearly a decade ago from fraudulently obtained letters of credit and non-payment of loans
Most specialists in the trade finance industry are well aware of multiple court cases in recent years – many from Singapore – about the perils of letters of indemnity (LOIs) being used in lieu of original bills of lading. In a recent discussion, bankers were asked whether they would issue a commercial LC on behalf of a high-valued client which allowed for the presentation of a charter party bill of lading (CPBL), delivery order, or an LOI as a replacement for the full set of original bill of lading. What are the risks associated with issuing such an LC and how might those risks be mitigated?
The Australian Standing Council of Attorneys-General (SCAG) issued a Communique on 14 November 2025 on a range of agreed issues,
The Egyptian Customs Authority has formally announced that the mandatory application of the Advance Cargo Information (ACI) system for air
The ICC Banking Commission has released a Steering Committee Statement to its members and ICC National Committees regarding withdrawal of
I had the privilege of knowing Jim, or “Dr. Barnes” as he was respectfully called, for almost 40 years. We
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