Latest news (Page 49)

Egyptian LC Policy Weakened Trader Confidence

At year-end 2022, the Central Bank of Egypt (CBE) announced cancellation of its mandate requiring use of letters of credit

Indian High Court Reverses Order, Denies Injunction

In Wellington Cantonment Board v. Gharpure Engineering & Constructions, the Madras High Court (India) set aside a District Judge order

AFP Guide Addresses Trade Finance and Ongoing Pursuit of Digitalization

Windsor Township v. Tompkins Financial Corp. [2021]

Developer Greth Development secured a letter of credit from Tompkins Financial to ensure completion of a townhouse project for Windsor Township. After project delays and a breach, Windsor sued the developer and demanded payment from Tompkins, who refused.

Cooperative Law Enforcement Effort Leads to Convictions in Steel Trader Case

Accounting Scandal Raises Questions about Supplier Finance

Published reports about the sudden collapse of Americanas SA into bankruptcy protection in mid-January 2023 suggest that the major Brazil

Turkey Declares State of Emergency after Quakes

Turkey, by way of Presidential Decree No. 6785, has declared a three-month state of emergency in ten provinces impacted by

EU Banks, Corporates Cautiously Optimistic While Awaiting Decision on Treatment of Trade Finance Products

EU Parliament may keep trade finance instruments' CCF at 20% instead of 50%. Trade specialists urge caution; Cazenove of Societe Generale warns against potential risks to corporates and economies.

ICC Draft Opinions for April 2023 Meeting Released

Two draft opinions, one new and one re-submitted, were released in mid-February to ICC National Committees for review and comment

Bangladesh Investigation of Suspicious Export Documents Continues

Indian Bureau Files Charges in Case of Alleged LC Fraud