An authoritative analytical commentary on UCP 600 Article 36, clarifying the legal and practical implications of force majeure in documentary
This month’s edition emphasizes how seemingly small drafting choices and operational decisions can lead to substantial legal and compliance
At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It
Two years ago, the National Bank of Ukraine (NBU) began conducting an annual survey of Ukraine’s 75 banks regarding their trade finance business. For 2020, the number of bank guarantees issued (119,955) and received (949) had a combined value of UAH 95,164.2m (USD 3.4b).
For the same period, the number of LCs issued (1,692) and received (1,569) had a combined value of UAH 35,628.4m (USD 1.3b). NBU’s report of 2021 data is anticipated for release in May 2022.
At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It
Following its January 2026 quarterly discussion session, the ICC released on 11 February 2026 results and points of analysis from
In Trafigura PTE Ltd. v. Gupta[[1]], a London High Court ruled in favor of Trafigura in its USD 500
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