Latest news (Page 59)

ARSS – SIPS (JV) v. Union of India [2021]

ARSS – SIPS (JV) v. Union of India involving the seeking of an injunction on payment under a performance guarantee was heard by the Honourable Shri Sanjay K. Agrawal and Shri Arvind Singh Chandel of the High Court of Chhattisgarh at Bilaspur.

Trade Technologies Opens Office in Dubai

Trade Technologies, an international trade document solutions provider, announced its opening of an office in Dubai, UAE. Founded in 1999

Egypt’s Central Bank Mandates LC Use for Imports

The Central Bank of Egypt announced in mid-February 2022 that Egyptian banks must only accept letters of credit for the purchase of imports.

Sanctions Watch

Below is a quick list of sanctions imposed upon Russia by the EU, UK, and US regulators.

UAE Transitions to New Work Week Schedule that Matches Western World

UAE Aligns work week schedule with western workdays

Sanctions Advisories for the Maritime Industry

Practical challenges and recommendations for financial institutions regarding the monitoring of AIS outages and suspicious vessel activity EXECUTIVE SUMMARY The

Surecomp Announces Partnership with Enigio

Surecomp Announces Partnership with Enigio to embed trace:original into API-based digital trade flows.

LC Issuer Unable to Recover Funds in Singapore “Round-Tripping” Case

In Crédit Agricole Corporate & Investment Bank, Singapore Branch v. PPT Energy Trading Co Ltd [2022] SGHC(I) 1, the

Pakistan Senate Bill Pushes against Discrimination of PEPs

Pakistan’s Senate unanimously approved a bill in 2022 that envisages punishments for bank and financial institution executives who discriminate against politically exposed persons (PEPs).

Latest ICC Draft Opinions Released for April 2022 Meeting

The ICC Banking Commission has released three Draft Opinions that will be discussed at its next opinion review session that

Castleton Commodities Merchant Trading, L.P. v. Soleil Chartered Bank [2020]

Non-Bank LC Issuance: Concerns Linger

Because of widespread interest on the subject, the ICC Banking Commission issued ICC Opinion TA537 (2002) on when a non-bank