Case raises important questions and concerns about a URDG guarantee issuer’s obligations and distinguishing an independent bank guarantee from an escrow account arrangement.
For the 26th consecutive year, the IIBLP conducted its one-day Americas Letter of Credit Law Summit. Held in New York City on 5 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
Two Indian banks which lost funds nearly a decade ago from fraudulently obtained letters of credit and non-payment of loans
State Bank of Pakistan (SBP), Pakistan’s central bank, initiated a curb on imports in order to control foreign currency outflow due to Pakistan’s depleting foreign currency reserve situation.
PAKISTAN: A trade services specialist has informed DCW that the State Bank of Pakistan (SBP), Pakistan’s central bank, initiated a curb on imports in order to control foreign currency outflow due to Pakistan’s depleting foreign currency reserve situation.
As of July 2022, banks in Pakistan are required to seek prior permission from SBP for all import payments above USD 100,000 and before entering into transactions for certain imports by LC, collection, or open account. Items include: Boilers, machinery, mechanical appliances, and parts thereof; electrical machinery, equipment, and parts thereof; and motor vehicles.
The Australian Standing Council of Attorneys-General (SCAG) issued a Communique on 14 November 2025 on a range of agreed issues,
The Egyptian Customs Authority has formally announced that the mandatory application of the Advance Cargo Information (ACI) system for air
The ICC Banking Commission has released a Steering Committee Statement to its members and ICC National Committees regarding withdrawal of
I had the privilege of knowing Jim, or “Dr. Barnes” as he was respectfully called, for almost 40 years. We
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