Sanctions
Celestial Aviation Services Ltd. v. UniCredit Bank GmbH, London Branch [2024]
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
ICC Opinions Finalized at July 2024 Session
Five draft opinions – some garnering much more attention than others – were finalized in an ICC Banking Commission quarterly discussion session
EU Adopts New Round of Sanctions Directed at Russia
On 24 June 2024, the European Union adopted its 14th round of sanctions (EU Regulation 2024/1745), amending EU Regulation
English Court Reverses Celestial; UniCredit Right to Refuse Payment
In a high profile case involving standby letters of credit issued in connection with aircraft leases to Russian airlines and
Empower the AML Officer
Someone recently asked me "if you had one wish (in the AML world), what would you fix?" ... and
What to Watch For: Six Trends in Letter of Credit Practice (2012)
Looking back at Professor James E. Byrne's 6 predictions for LCs in 2012 - see how they hold up.
U.S. Office of Foreign Assets Control (OFAC) FAQ 1151
OFAC FAQs surrounding Executive Order 14024
What We Can Learn From the Kuvera Resources v. JPMorgan Chase Bank Case
Learnings and reflections from the Kuvera Resources v. JPMorgan Chase appeal from 2023.
U.S. Office of Foreign Assets Control (OFAC) FAQ 973
OFAC FAQs about foreign financial institutions sanctioned pursuant to EO 14024
