Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
In the latest installment of his article series on originality of paper and electronic documents, Pavel Andrle addresses practical use of the current ICC rules and matters he believes need clarified to better facilitate use of electronic records in trade finance.
After receiving dozens of containers filled with soil, gravel and stones instead of the valuable natural minerals it had agreed to purchase, a Chinese company lodged a complaint with Pakistani authorities, resulting in the arrest of a Pakistani businessman.
Case raises important questions and concerns about a URDG guarantee issuer’s obligations and distinguishing an independent bank guarantee from an escrow account arrangement.
Two Indian banks which lost funds nearly a decade ago from fraudulently obtained letters of credit and non-payment of loans
A company which received USD 231,000 from a client but failed to deliver on its promise to arrange a
India’s Directorate of Enforcement (ED) has filed a complaint against entities it believes are responsible for obtaining INR 110
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