In a recent complaint filed in New York, a Singapore trading company has asserted that a Bangladesh bank did not
Banks are often advised by their lawyers to issue a demand guarantee with the condition that it is unassignable and
China’s revision of its Maritime Law which took effect 1 May 2026 not only ushered in enhancements of parties’
Banks are often advised by their lawyers to issue a demand guarantee with the condition that it is unassignable and subject to local law. If the beneficiary submits its demand but wants to assign the proceeds to its creditor, can the bank pay the creditor? This question was taken up at the IIBLP’s 2026 Guarantee & Standby Forum in Singapore.
In a recent complaint filed in New York, a Singapore trading company has asserted that a Bangladesh bank did not
China’s revision of its Maritime Law which took effect 1 May 2026 not only ushered in enhancements of parties’
The Central Bank of India and India Exim Bank announced on 13 July 2026 that they have formulated a Master
With regard to how fraud may disturb a bank's obligation to honour under an independent undertaking, courts have used various qualifiers to describe the level necessary. In his expansive article, Dr. Alan Davidson explores the concept of "Letter of Credit Fraud" under law and in the courts.
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