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......
Mintz | European Union, USA | 5 Feb 2019
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
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
The recent announcement that British Ceramic Tile, a distributor, has entered into administration is, at one level, a sign of changing times, in this…
Shearn Delamore & Co | Malaysia | 19 Dec 2018
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.