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
Five individuals attempting to convert letters of credit into USD 10 billion at a bank in Hong Kong on 10 February 2025 were arrested by local police officers after bank staff determined the documents to be fraudulent.
Two Indian banks which lost funds nearly a decade ago from fraudulently obtained letters of credit and non-payment of loans
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
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