At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It
Following its January 2026 quarterly discussion session, the ICC released on 11 February 2026 results and points of analysis from
On 31 March, 2021, the long-awaited International Standard Demand Guarantee Practice (ISDGP) Publication No. 814E, a complement to URDG758 documenting
Even as SWIFT volumes have ascended to record levels amid the global pandemic, The Economist has issued a call for
The ICC Banking Commission held its 2021 Technical Meeting in a virtual setting conducted via the Zoom online platform on 6-7 October.
In AXA v. Chiu Teng, Singapore’s top court confirms liability under a performance bond absent a prior ruling or admission of breach. The case highlights the importance of precise drafting and reinforces the binding nature of bond terms over labels like “guarantee” or “on-demand.”
Bank of China’s fraud lawsuit against BP Singapore over $125M in LC payments tied to non-existent oil survives dismissal. The court found sufficient grounds to proceed on claims of fraud, negligence, and conspiracy—raising the stakes for LC compliance in commodity trades.
Twenty-five forgery-related charges were levied last year against Lim Oon Kuin, founder of collapsed oil trading firm Hin Leong Trading.
The prolonged worldwide pandemic caused the ICC Banking Commission to hold its 2021 Annual Meeting as a virtual event conducted via the Zoom online platform, 30-31 March.
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