Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
In the latest installment of his article series on originality of paper and electronic documents, Pavel Andrle addresses practical use of the current ICC rules and matters he believes need clarified to better facilitate use of electronic records in trade finance.
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.
U.S. Bankruptcy law and letters of credit fit uneasily together since each set of laws generally ignores the other.
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