Latest news (Page 10)
China Construction Bank Sued Over LC Fraud Connected to Vesttoo
White Rock, an insurance solutions provider owned by Aon, filed a lawsuit on 27 August 2024 against China Construction Bank
Free Webinar: Navigating Sanctions, Dark Fleet Risks, and Financial Crime Update
A free webinar, offered by the Association of Trade Finance Compliance Professionals (ATFCP), will discuss the latest developments in global
Two Draft Opinions to be Discussed at November 2024 ICC Banking Commission Session
Two Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Australia and New Zealand Banking Group Ltd. Manila Branch v. China National Electric Engineering Co., Ltd. & Bank of Jiangsu [2023]
Disputes over Independent Guarantee Fraud, Independent Guarantee Payment, and Improper Dishonor
Bayport Polymers LLC v. CB&I, LLC [2024]
Beneficiary Bayport Polymers appealed temporary injunction restraining presentation of LC documents.
World Fuel Services, Inc. v. First Service Bank [2024]
Issuer First Service Bank moved to dismiss wrongful dishonor complaint brought by World Fuel Services.
“Proclaimed Offender” Accused of Forging LC Arrested
India’s Central Bureau of Investigation (CBI) has arrested a man declared a “proclaimed offender” by an Indian special court
Nigerian Airline Officials Indicted in US for Obstruction of Justice
Further to a story previously reported (Oct 2022 DCW 45), the CEO and founder of Nigerian airline Air Peace, has
September Roundup
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
ICC Defines Trade Finance
Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC
LC & Guarantee Issuance: Under or Out of Control?
Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.