Excerpted from the DCW Executive Summary of the 2025 ICC Banking Commission Meeting ICC Draft Opinion TA949 Dealing with a
When businesspeople engage in mutual business dealings and loans to each other under multiple corporate entities they operate but their
The High Court in Kampala (Uganda) upheld an appellate court decision on 25 July 2025 that Equity Bank lawfully sold
Plaintiff asserted a claim under Massachusetts’ adoption of UCC Article 5-109 (Fraud and Forgery).
Aaron Saris (Plaintiff) owned real property located in Massachusetts with a mortgage serviced by Cenlar FSB. Subsequently, Plaintiff conveyed the real property by quitclaim deed and the “mortgage was then discharged.” Cenlar FSB, however, “transferred servicing responsibilities for the mortgage to” Flagstar Bank (Defendant). Defendant later erroneously debited USD 1,354.37 from Plaintiff’s bank account for a mortgage payment.
Lessee sued Lessor/Owner Trustee for breach of contract and conversion.
The ICC Banking Commission’s quarterly meeting, held via Zoom on 5 August 2025, covered three draft opinions, updates on Technical Advisory Briefings, and the status of the ISBP Revision and ISBP Education Project.
From courtrooms in Illinois to conference halls in Singapore, this issue unpacks the rulings, risks, and rule debates in today’
Given the success of practice rules and banks’ ability to more readily find resources for the proper interpretation of the rule sets, does it not make sense to avoid inclusion of a governing law or jurisdiction clause?
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