Latest news (Page 52)

UK’s E-Trade Documents Act Finalised, Industry Action Now Needed

UK Electronic Trade Documents Act 2023 was enacted on 20 July 2023. Here's what needs to happen next.

ERA Capital L.P. v. Soleil Chartered Bank [2023 No. 651984]

Pakistani Banks Required to Arrange USDs for Import LCs

State Bank of Pakistan (SBP), the country’s central bank, has lifted restrictions on Pakistani banks opening letters of credit

Broadband Providers Push Back against US Gov LC Requirement

A coalition of internet service providers, broadband associations, and digital equity advocates in the US are challenging a requirement that applicants for federal broadband funding must furnish a letter of credit in order to receive funds.

Strabag, SpA v. Credit Agricole CIB [2023]

Charter Party B/L Showing Two Shipping Dates: Acceptable or Not?

In a recent discussion circle, LC specialists considered the situation of a bank receiving an MT710 to which the first

Court Reverses on California’s Excessive LC Fees Claim

An appellate court has reversed a trial decision, determining that an “overly burdensome” pleading requirement was applied to the amended

Manatee County (Florida) Defrauded of USD 1.4 Million

A Georgia (USA) man was arrested by detectives of the Manatee County (Florida) Sheriff’s Office and charged with Scheme to Defraud and Money Laundering and detectives have issued an arrest warrant for another Georgia man on charges of Scheme to Defraud and Conspiracy.

UK Electronic Trade Documents Act 2023

This is the full text of the UK Electronic Documents Act (UK EDA) of 2023, including all definitions, how the law applies, and when it went into effect.

EFLO Energy v. Devon Energy Corp. [2023]