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Kesikli Law Firm | Turkey | 19 Oct 2021

Letters of Credit: UCP 600 and Turkish Law Aspects

Letter of Credit (L/C), also known as “documentary credit”, is an independent payment method widely used in international trade.
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Gowling WLG | Canada | 9 Feb 2021

Bankrupt tenant: Can a landlord draw on a letter of credit after the trustee disclaims the lease?

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…
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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…
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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…
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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…
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ABNR | Indonesia | 22 Mar 2019

New Bank Indonesia regulation on prudential rules for offshore debt and FX-denominated liabilities

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......
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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…
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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…
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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…
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Shearn Delamore & Co | Malaysia | 19 Dec 2018

Court of Appeal finds carrier breached contract to deliver cargo

A high court recently dismissed a plaintiff's claim against the defendant-carrier for breach of its contract to carry and deliver cargo to the plaintiff on the basis that the plaintiff had failed to prove its claim. However, on appeal, the Court of Appeal upheld the plaintiff's claim and found the defendant liable.
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