Issues Regarding Transferable Credits under UCP600 Article 38
Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
In reversing a 2024 trial court ruling, Singapore’s Appellate Division of the High Court found that a former director of an insolvent fuel supplier is not liable to pay more than USD 146 million in compensation for losses incurred by the company.
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