Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
In the latest installment of his article series on originality of paper and electronic documents, Pavel Andrle addresses practical use of the current ICC rules and matters he believes need clarified to better facilitate use of electronic records in trade finance.
The Institute of International Banking Law & Practice conducted its one-day London Trade Finance Compliance Annual Meeting, 30 September 2025. This summary provides an overview of topics discussed and debated by leading professionals at the program hosted by Stephenson Harwood as a hybrid event.
The opening panel began by examining the “Failure to Prevent Fraud” portion of the UK’s Economic Crime and Corporate Transparency Act 2023 (ECCTA) that took effect 1 September 2025. Articulated in Sections 199-206 of the ECCTA, the new corporate offense of failing to prevent fraud (FPF) criminalizes a failure of an organization to prevent fraud committed its associated persons when the fraud was intended to benefit the organization, unless it can prove that it had reasonable prevention procedures in place at the time of the fraud.
Within government-issued guidance, six principles for establishing reasonable fraud prevention procedures are set out and the panel focused on two.
Misrepresentation of how letters of credit are used has sadly plagued the industry for decades. We are all too familiar
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.
As the year draws to a close, this month’s DCW focuses on the issues likely to carry into 2026.
For the 19th consecutive year, IIBLP conducted its Americas Standby & Guarantee Forum. Held in New York City on 4 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.
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