Because standbys and demand guarantees often contain automatic extension clauses, ICC Opinion TA954 offers important lessons for practice and the need for sound drafting of such clauses.
Jun XU, Vice Chair of the ICC Banking Commission Steering Committee, delivered the Keynote Address at the 2022 ICC Banking Commission Annual Meeting on 21 April.
DCW's executive summary of the 2022 ICC Banking Commission Annual Meeting reports on ICC Opinions, Swift messaging, the trade finance gap, sustainable trade finance and more.