Latest news (Page 62)

Asia Traders Ready, Willing, Unable to Buy Russian Coal

Citing an inability to find an appropriate payment arrangement, would-be purchasers of discounted Russian thermal coal based in Asia have

TradeLens eBL Facilitates Paperless LC with HSBC and Syngenta

In February 2022, digital platform TradeLens announced successful completion of an LC transacted with HSBC and Syngenta using a digital

New York Court Declines to Dismiss LC Dispute

New York County’s Supreme Court has rejected an Indian issuing bank’s motion to dismiss a complaint regarding an

US Treasury Designates Faciltators of Russian Sanctions Evasion

On 20 April 2022, U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russian bank,

EU Adopts Fifth Round of Sanctions Against Russia

On 8 April 2022, the Council of the European Union imposed restrictive measures against an additional 217 individuals and 18

Michael Evan Avidon Named 2022 Letter of Credit Lawyer of the Year

The Institute of International Banking Law & Practice (IIBLP) has named Moses & Singer LLP Partner Michael Evan Avidon as

Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes

Celestial Aviation Services, a subsidiary of Irish-based aircraft leasing giant AerCap, filed a USD 45.8m suit in London High

Investment Firm Receiver Sues Law Firm for Malpractice for Failing to Discover Fraud

Live from Dubai … ICC UAE Hosts Global Trade Facilitation Summit

The 2022 Global Trade Facilitation Summit, a two-day event providing opportunity for international trade, finance, and business professionals to re-connect

Bangladesh Bank LC Settlements Jump 50%

According to figures released by Bangladesh Bank, the country’s central bank, settlement of import LCs jumped nearly 50% to

Shanghai Shipyard Co. v. Reignwood International Investment (Group) Co. [2021]

Sinopec International (Singapore) Pte. Ltd. v. Bank of Communications Co. [2021]