Writing as a trade finance professional with a long background in the business, Dave Meynell offers his personal views on factors contributing to the sharp reduction in ICC Official Opinions issued over the past several years.

Fraud

58 articles (Page 5)

DCW Scam Survey

Investment Firm Receiver Sues Law Firm for Malpractice for Failing to Discover Fraud

Jacob Manning Apr 15, 2022

DCW Feature

Crédit Agricole Corp. & Inv. Bank, Singapore Branch v. PPT Energy Trading Co. [2022]

In a crude oil transaction, a bank issuing an LC accused the buyer of fraud, leading to dishonor of the LC; however, the court ruled in favor of the seller...

Matthew J Kozakowski Mar 18, 2022

DCW Scam Survey

India Enforcement Directorate Attaches Assets in Bank Fraud Case

Jacob Manning Mar 17, 2022

DCW Scam Survey

Choksi Claims to be ‘Wrongly Implicated’ in Modi Fraud

Jacob Manning Feb 25, 2022

DCW Litigation Digest

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.

Ajay Monga Feb 18, 2022

DCW Litigation Digest

TC Skyward Aviation U.S., Inc. v. Deutsche Bank AG [2021]

Matthew J Kozakowski Jan 21, 2022

DCW Conference Report

January 2022 ABA/ABA Financial Crimes Enforcement Conference: Executive Summary

The American Bar Association and the American Bankers Association (ABA) jointly hosted their 33rd Financial Crimes Enforcement Conference as a virtual event, 11-13 January 2022.

Christopher Byrnes Jan 14, 2022

Litigation Digest

Bank of China Ltd, Singapore Branch v. BP Singapore Pte Ltd

Bank of China’s fraud lawsuit against BP Singapore over $125M in LC payments tied to non-existent oil survives dismissal. The court found sufficient grounds to proceed on claims of fraud, negligence, and conspiracy—raising the stakes for LC compliance in commodity trades.