How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
Canada's Court of Appeal of Alberta affirmed trial judgment, dismissing LC Applicant's appeal and terminating short term interim injunction.
England and Wales’ High Court of Justice has determined that legal proceedings between aircraft leasing companies and insurers over aircraft stranded in Ukraine should take place in Ukraine instead of England.
In AerCap Ireland Capital Designated Activity Company v. PJSC Insurance Company Universalna [2024] EWHC 1365 (Comm), Judge Andrew Henshaw decided that exclusive jurisdiction clauses are binding and enforceable on AerCap and other aircraft leasing companies and “that there are not strong reasons to allow” their claims to proceed in England. The decision issued 6 June 2024 impacts six separate lawsuits.
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.
Five draft opinions – some garnering much more attention than others – were finalized in an ICC Banking Commission quarterly discussion session
Following the discussion of ICC Opinions on 2 July 2024, updates on other ICC Banking Commission projects were given. ICC
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