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This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
Contemporaneously with its release of its latest Draft Opinions on 6 June 2025, ICC issued a one-page memorandum note regarding ICC Opinion TA930 rev (April 2023). It points out that since TA930rev was finalised prior to the November 2024 updating of ICC guidance regarding the use of sanctions clauses, an adjustment was needed to TA930 rev to ensure coherence between the Opinion and the amended guidance.
see also: ICC Opinions Tracker
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
Since a draft was included in the presentation at issue in ICC Opinion TA.948, it prompts important questions about examination not only under UCP but also under bills of exchange law.
In a highly anticipated ruling, the English High Court concluded that AerCap Ireland Limited and other lenders who lost aircraft
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
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