In the latest rollout of its Technical Advisory Briefings (TABs), the ICC Banking Commission has issued TAB No. 13, “Confirmation
Six Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Shockwaves went through the reinsurance industry when reports surfaced in July 2023 that employees of the Israeli insurtech Vesttoo Ltd.
URDG 758 and the UN Guarantee Convention both address independent guarantees and in many respects their content is similar, but differences exist in their areas of focus.
Bank guarantees play a vital role in international trade and other business transactions. They are used in almost every step of a cross-border transaction between buyer and seller. Though their success started only after World War II, today it is hard to imagine an economic transaction without a guarantee.
Due to the importance of this tool for international trade, it was only logical to try to standardize and harmonize international guarantee practice. Over the past decades, several sets of rules and laws have been introduced (more or less successfully) to the international trade community. This article will concentrate on two sets: the URDG 758 and the UN Guarantee Convention. 2025 is an especially appropriate time as the trade finance world celebrates multiple jubilees: 30 years of finishing the UN Convention; 25 years since its entry into force; and 15 years following the URDG 758 entering into force.
In the latest rollout of its Technical Advisory Briefings (TABs), the ICC Banking Commission has issued TAB No. 13, “Confirmation
Six Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Shockwaves went through the reinsurance industry when reports surfaced in July 2023 that employees of the Israeli insurtech Vesttoo Ltd.
In two judgments issued concurrently on 29 July 2025, the High Court of Singapore has ordered nine former employees of
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