This month, we explore how digitalisation is reshaping commercial law across key jurisdictions. Marek Dubovec compares UCC Article 12 and
In a recent discussion, bankers were asked how they calculate confirmation fees as a standard practice: 1) from the advising
In reversing a 2024 trial court ruling, Singapore’s Appellate Division of the High Court found that a former director
Zahoor Dattu is a Senior Trade Services Specialist at Wells Fargo Bank NA, USA. The views expressed are those of the author and do not represent the views of Wells Fargo Bank.
In a recent discussion, bankers were asked how they calculate confirmation fees as a standard practice: 1) from the advising
Most specialists in the trade finance industry are well aware of multiple court cases in recent years – many from Singapore
When issuing banks insert complex reimbursement terms and self-serving conditions into their credits, it distorts the purpose of the product, causes problems for confirming banks, and drives exporters away from using LCs.
The silent confirmation market is still active and prevalent for LCs in Asian countries as silent confirmation is one of the means for a beneficiary to mitigate issuing bank and country risk when it does not want other banks to confirm its credit.
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