Because standbys and demand guarantees often contain automatic extension clauses, ICC Opinion TA954 offers important lessons for practice and the need for sound drafting of such clauses.
IIBLP, LIBF, and Coastline Solutions conducted their 2024 Trade Finance Compliance Annual Meeting on 14 February in New York City. Hosted and co-sponsored by S&P Global Market Intelligence, the event featured more than 15 compliance experts from the operations, regulatory, and private sphere.
Explores the legal intricacies of letters of credit in bankruptcy through notable Chinese court cases, highlighting the risks banks face and the importance of collateral in LC transactions.
