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
Prime Minister Shehbaz Sharif has promised that the Pakistani government will intervene on behalf of oil refineries facing potential shutdown due to international banks’ unwillingness to “endorse” LCs opened by refineries for crude oil imports.
According to The Express Tribune, a source quoted Sharif as saying: “If the issue of LCs worsens, the State Bank of Pakistan (SBP) will make payments for oil import”.
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
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial
