Singapore
A collection of DCW articles, case reports and news coming from or relating directly to Trade Finance, Treasury, and Compliance in Singapore.
MonetaGo to Engineer Singapore’s Trade Finance Registry
The Trade Finance Registry (TFR), an initiative undertaken by the Association of Banks in Singapore (ABS) to combat duplicate financing
Singapore to Require Additional Safeguards to Stop Digital Banking Scams
To further safeguard customers from digital banking scams, the Monetary Authority of Singapore (MAS) and the Association of Banks in
Impact of Singapore’s Code of Best Practices Has Been Varied
It has been more than 18 months since the Association of Banks in Singapore (ABS) published the “Code of Best
![Crédit Agricole Corp. & Inv. Bank, Singapore Branch v. PPT Energy Trading Co. [2022]](/content/images/size/w30/wordpress/2022/03/Credit-agricole-v-PPT-energy-DCW.jpeg)
Crédit Agricole Corp. & Inv. Bank, Singapore Branch v. PPT Energy Trading Co. [2022]
In a crude oil transaction, a bank issuing an LC accused the buyer of fraud, leading to dishonor of the LC; however, the court ruled in favor of the seller...
Singapore Still Dealing with Hin Leong Fallout
Two years after news of the Hin Leong Trading debacle surfaced and fraud in the commodity trading sector came to light, repercussions are still being felt.
LC Issuer Unable to Recover Funds in Singapore “Round-Tripping” Case
In Crédit Agricole Corporate & Investment Bank, Singapore Branch v. PPT Energy Trading Co Ltd [2022] SGHC(I) 1, the
Singapore Banking Community Mourns Loss of De Silva
Singapore Banking Community Mourns Loss of Lionel De Silva
Lin Named Partner at Rajah & Tann
Singapore attorney Nathanael Lin Named equity Partner at Rajah & Tann and will cover shipping, commodities and trade finance.
AXA Insurance Pte Ltd v Chiu Teng Construction Co Pte Ltd
In AXA v. Chiu Teng, Singapore’s top court confirms liability under a performance bond absent a prior ruling or admission of breach. The case highlights the importance of precise drafting and reinforces the binding nature of bond terms over labels like “guarantee” or “on-demand.”
Bank of China Ltd, Singapore Branch v. BP Singapore Pte Ltd
Bank of China’s fraud lawsuit against BP Singapore over $125M in LC payments tied to non-existent oil survives dismissal. The court found sufficient grounds to proceed on claims of fraud, negligence, and conspiracy—raising the stakes for LC compliance in commodity trades.
