How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
Canada's Court of Appeal of Alberta affirmed trial judgment, dismissing LC Applicant's appeal and terminating short term interim injunction.
Indonesian BNI Xpora Program Facilitating Digital Trade
Through its digitized BNI Xpora Program, Bank Negara Indonesia (BNI) has facilitated export and import activities for 200,000 Indonesian diaspora members connected to micro, small, and medium enterprises (MSMEs) operating in the US.
According to Antara reporting, just nine million of the nearly 60 million MSMEs in Indonesia have embraced digitalization.
Five draft opinions – some garnering much more attention than others – were finalized in an ICC Banking Commission quarterly discussion session
Following the discussion of ICC Opinions on 2 July 2024, updates on other ICC Banking Commission projects were given. ICC
In an attempt to clarify aspects of UCP600 Article 10, the ICC Banking Commission has issued its 10th Technical Advisory
Upon request of its customer, Lummus Technology Heat Transfer B.V., Credit Agricole Corporate & Investment Bank issued a letter
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