HFW | United Kingdom | 18 May 2023
In a judgment given on Wednesday 25 October 2017 the Supreme Court has overturned the Power Curber decision and has held that there is no special…
Shook Lin & Bok | Singapore | 9 Jan 2023
The Singapore High Court's recent decision in UniCredit Bank AG v Glencore Singapore Pte Ltd is the latest in a series of cases concerning claims by…
Reed Smith LLP | Singapore | 1 Nov 2022
The Singapore High Court has affirmed a number of key principles relating to (i) circular commodity sales transactions (including simultaneous sale…
Amereller | Africa, Asia-Pacific, Middle East | 15 Aug 2022
Companies trading in the Middle East, Africa and Asia are increasingly facing collection problems concerning letters of credit (LCs), the longstanding…
Kesikli Law Firm | Turkey | 19 Oct 2021
Letter of Credit (L/C), also known as “documentary credit”, is an independent payment method widely used in international trade.
Gowling WLG | Canada | 9 Feb 2021
In 7636156 Canada Inc. (Re), the Ontario Court of Appeal ("OCA") confirmed the right of a commercial landlord to draw on a letter of credit given…
HERDEM Attorneys at Law | Turkey | 30 Mar 2020
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
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
A kereskedelmi ügyletek esetében az áruk gyakran jelentős földrajzi távolságot tesznek meg, ennek következtében térben és időben elválik egymástól az…
ABNR | Indonesia | 22 Mar 2019
Bank Indonesia recently issued an umbrella regulation on the application of prudential norms. As with the now revoked Regulation on Offshore Loans in the Banking Sector (as amended), Regulation 21 stresses the importance of compliance with prudential norms for maintaining macroeconomic and financial system stability. However, while the previous regulation's scope was confined to offshore bank......