Latest news (Page 58)

Inflation Causing Captive Insurers to Re-Think LC Use

Inflationary pressures and resulting interest rate hikes are forcing captive insurers that have relied on letters of credit as a

Complaints That Banks Aided Terrorists Fail

In Wildman v. Deutsche Bank, the US District Court for the Eastern District of New York dismissed an action brought

Insurers Contest DAE Claim over Aircraft Stranded in Russia

Lloyd’s of London, AIG, Chubb, Swiss Re, and seven other insurers contend that they are not obligated to pay

Bad Standby LC Wording from Beneficiaries: Push Back or Get Pulled In

A chronic concern for banks is when intended LC beneficiaries – often government agencies, municipalities, insurance companies, and other so-called

SEC’s Civil Case against Harbor City Capital Stayed Pending Criminal Investigation

Social Islami Bank Responds to Report Alleging Fraud Losses

ICC Opinions Discussed at January 2023 Session

Three Draft Opinions were presented for discussion at the ICC Banking Commission’s latest quarterly meeting on 31 January 2023.

In Memoriam: Rita Ricci (1959-2023)

The Trade Finance community was deeply saddened at the passing of Rita Ricci on 14 January 2023 after her courageous

Uitspan Colliery (Pty) Ltd v Lombard Insurance Company Ltd [2022]

GVC Ltd. v. Valley National Bank [2022]

Banking & Finance Lawyer Peter Carson Retires

Concluding a distinguished career in law, Peter H. Carson retired from Sheppard Mullin at the end of 2022. After starting