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HERDEM Attorneys at Law | Turkey | 30 Mar 2020

COVID-19: Letter of Credits in the Wake of Covid-19 Pandemic in Turkey

The discrepancies in legal systems and practices of the courts in international trade bring forth risks for the buyer and seller in terms of…

Aird & Berlis LLP | Aird & McBurney LP | Canada | 13 Feb 2020

Ontario Court Revisits Issue of Landlord Drawing on a Letter of Credit in Excess of BIA Preferred Claim

In 7636156 Canada Inc. v. OMERS Realty Corporation (“7636156 v. OMERS”), the Ontario Superior Court of Justice (Commercial List) (the “Court”) held…

DLA Piper | Hungary | 7 Jan 2020

Miért érdemes akkreditívet alkalmazni a kereskedelmi ügyletek során?

A kereskedelmi ügyletek esetében az áruk gyakran jelentős földrajzi távolságot tesznek meg, ennek következtében térben és időben elválik egymástól az…

Mintz | European Union, USA | 5 Feb 2019

Patent Term Adjustment: The Real Meaning of Applicant Delay

On January 23, 2019, the Federal Circuit decided Supernus Pharmaceuticals, Inc. vs. Iancu and shed light on Patent Term Adjustment (PTA). PTA was…

Epstein Becker Green | USA | 4 Feb 2019

Seventh Circuit Holds External Job Applicants Cannot Pursue Disparate Impact Claims Under the Age Discrimination in Employment Act

In a major decision sure to provoke controversy and legislative attempts to overrule it, the en banc Seventh Circuit, by a vote of 8 to 4, has held…

Fox Williams LLP | United Kingdom | 31 Jan 2019

Suppliers supply and distributors distribute - a regular blog

The recent announcement that British Ceramic Tile, a distributor, has entered into administration is, at one level, a sign of changing times, in this…

RPC | United Kingdom | 17 Aug 2018

Letters of Credit under commodity contracts - keep the focus

This blog takes a look at the issues concerning the timing of the provision of letters of credit under commodity contracts and the importance, from…

HFW | United Kingdom | 5 Jun 2018

Not by the letter...Can a seller terminate if a letter of credit is not opened on time?

In a recent arbitration decision a tribunal rejected the general principle that the obligation on a buyer under a sale contract to open a letter of…

HFW | United Kingdom | 23 Apr 2018

Enforcement wins out again - Sinocore International Co. Ltd & RBRG Trading (UK) Limited

The English Court of Appeal has today handed down a unanimous judgment dismissing an appeal from the earlier Commercial Court decision of Phillips J…

RPC | Asia-Pacific, Singapore, United Kingdom | 23 Apr 2018

Asia Insurance Bulletin 2018

The English Court of Appeal has clarified a number of key features of Letters of Credit, including the “autonomy principle” and the scope of the fraud…
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