Sanctions
Preventing the Trade of Weapons to Myanmar
Exploring measures to prevent illicit arms trade to Myanmar. Learn about evasion techniques, global sanctions, and recommendations for maritime companies and financial institutions. Trade compliance in the aftermath of the Myanmar coup.
2023 Americas Annual LC Survey • Executive Summary (Part 2)
This Executive Summary provides an overview of topics discussed and debated by leading professionals at Day 2 of the conference.
To What Extent is a Confirming Bank’s Undertaking Independent of the Issuing Bank’s Undertaking to the Beneficiary?
Confirmation to any modern-day documentary credit is an essential risk mitigation tool for a beneficiary that enables it to deal
2023 Americas Annual LC Survey • Executive Summary (Part 1)
For the 31st consecutive year, the Institute of International Banking Law & Practice conducted its Americas Annual LC Survey conference, 8-9 June 2023. This Executive Summary provides an overview of topics discussed and debated by leading professionals at Day 1 of the conference.
Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch [2023 EWHC 663]
💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 663 Type of Lawsuit: Beneficiaries sued Confirming Bank that
Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch [2023 EWHC 1071]
💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 1071 Type of Lawsuit: Subsequent hearing on an ancillary
OFAC Sanctions 4 Entities for Aiding Sudanese Conflict
On 1 June 2023, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions controls four companies
US Agencies Issue Followup Alert on Russian Evasion Attempts
Further to their June 2022 release of a joint alert, US Treasury’s Financial Crimes Enforcement Network (FinCEN) and the
Vessel Ownership, Trade Finance and Regulatory Compliance
This paper explores vessel risk based upon whether Group Ownership information is known or unknown for each vessel alongside identified compliance behavior.
EU Sanctions Used to Enjoin LC
Lummus Technology Heat Transfer B.V. v. Credit Agricole Corporate Investment Bank involves a EUR 5.1 million (USD 6.
