February 2022
UAE Central Bank Fines Unnamed UAE Bank for Poor AML Systems
The Central Bank of the UAE (CBUAE) has assessed a AED 19.5 million (USD 5.3m) financial sanction on UAE bank for poor AML / Sanctions systems
How to Determine What Constitutes a Banking Day
The definition of “Banking Day” in UCP600 Article 2 ¶ 3 requires interested and affected parties to look outside the terms of the UCP to determine what days are actually banking days.
Bangladesh Bank Requires Back-to-Back LC Reporting
BANGLADESH: Bangladesh Bank, the central bank, issued a circular regarding banks’ duty to report required data of back-to-back LCs to
What Are We Supposed to Do? A Practical Approach to Sanctions Clauses
The position of a banker in the trade finance environment includes trying to reconcile opposite demands of a buyer and a seller.
Originality of Paper and Electronic Documents (Part 1)
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 1 of a three part series.
LSTA’s Revolving Credit Agreement: Hear from the Experts
Hear from Mike Avidon, Bridget Marsh and Jeffrey Nagle on the latest from the LSTA's Syndicated revolving credit agreement.
ARSS – SIPS (JV) v. Union of India [2021]
ARSS – SIPS (JV) v. Union of India involving the seeking of an injunction on payment under a performance guarantee was heard by the Honourable Shri Sanjay K. Agrawal and Shri Arvind Singh Chandel of the High Court of Chhattisgarh at Bilaspur.
Trade Technologies Opens Office in Dubai
Trade Technologies, an international trade document solutions provider, announced its opening of an office in Dubai, UAE. Founded in 1999
