Glencore

UniCredit Bank A.G. v. Glencore Singapore Pte. Ltd. [2022]

Unreimbursed LC Issuer alleged sham transaction between Beneficiary and insolvent Applicant.

Matthew J Kozakowski May 18, 2023

Letters of Indemnity: Who’s Really Protected?

Recent court cases in Singapore have shone a spotlight on the serious perils of relying on a letter of indemnity (LOI) in lieu of presentation of shipping documents.

Christopher Byrnes Apr 13, 2023

Hin Leong Trading

Singapore Court Dismisses Bank’s USD 37m Claim Related to Hin Leong Transaction

In UniCredit Bank A.G. v. Glencore Singapore Pte. Ltd. decided 21 October 2022, the High Court of Singapore dismissed

Christopher Byrnes Oct 21, 2022

DCW Updates

European Banks Boost Support of “Top-Tier” Commodity Traders

Research conducted by Fitch Ratings suggests that European banks appear to be increasing lending to commodity trading firms facing extraordinary liquidity needs due to fierce commodity price volatility.

Christopher Byrnes Mar 18, 2022