Feature
14 November 2012
Rejection of trade finance documents is increasing, so how can this be avoided?
RICHARD GWYNNE explains the doctrine of strict compliance
Blog
14 October 2012
The FSA’s decision to relax capital requirement for UK banks reacts to legitimate concerns that banks may currently be holding too much capital and, as a consequence, harming...
News
10 October 2012
The definition of what is ‘trade debt’ following the 2009 Kazakh bank restructurings, and the priority given to trade over other classes of debt is just one of the topics tackled in A...
News
28 September 2012
Martin Wheatley, managing director of the UK’s Financial Services Authority has delivered his review for overhauling the interbank offered rate (LIBOR), damaged by the recent rigging scandals...
News
24 September 2012
The Loan Market Association (LMA) has launched its new recommended form of single currency term facility agreement intended for use in pre-export finance (PXF) transactions. The PXF agreement...
News
15 August 2012
UK trade bank Standard Chartered has agreed to pay a US$340m fine to the New York State Department of Financial Services (DFS) in settlement of the US regulator’s allegations of 6 August 2012.
News
13 August 2012
Standard Chartered Bank has operated as “a rogue institution” according to a 27-page order from the New York State Department of Financial Services (DFS).
The order also says...
Awards
20 July 2012
As bank lending shrank and the economic climate deteriorated over the course of 2011 the lawyers were kept busy as levels of disputes rose and transactions became more bespoke. Perhaps there...
News
10 July 2012
The World Bank has updated its model guarantee forms to include the International Change of Commerce (ICC) Uniform Rules for Demand Guarantees URDG 758. The rules are increasingly being...
News
22 June 2012
EU governments, as well as the leaders of a number of other countries, are widening their net and looking to use every lever available to them to restrict what remains of the oil exports from Iran....
News
18 June 2012
On 1 May 2012, the US Treasury Department's Office of Foreign Assets Control ('OFAC') announced a new executive order [1] (‘the EO’) that broadens the scope of US sanctions...
Opinion
14 June 2012
ROBERT PARSON highlights the risk of non-repayment as a result of sanctions-related
issues in trade finance transactions and suggests some precautions
Blog
11 June 2012
Businesses are not enjoying the new world order on sanctions – and that came across really clearly at our recent seminar for commodity producers, intermediaries and bankers. The conclusion of...
News
16 May 2012
The Council of the European Union has reached unanimous agreement on the draft rules implementing the Basel III rules within the EU. The announcement was made on 15 May, following a vote at the...
News
9 May 2012
A group of former Dresdner Bank bankers has won a combined claim for damages totalling EUR35m plus interest accrued from January 2009
Feature
4 May 2012
Commodities finance and the funding gap: MICHAEL KENNY highlights legal considerations for commodities finance in current market conditions
Feature
3 May 2012
RUTH WANDHÖFER highlights the challenges that Basel III brings in the area of trade finance from the financier’s perspective and is hopeful of best practice winning the day
News
30 March 2012
The UK law firm announced its formal association with Mongolia’s Khan Lex Advocates on 12 March in anticipation of an increase in the region’s mining, trade, financial services, project...
