Legal & regulatory

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News
16 July 2015
The Basel Committee on Banking Supervision has published an updated set of frequently asked questions (with answers) on the Basel III leverage ratio framework. Following the initial release of...
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News
15 July 2015
Six world powers reached an agreement with Iran to limit the Western Asia nation’s nuclear program and lift international trade sanctions on 14 July. The deal was signed by the US, UK,...
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News
10 July 2015
Citigroup has been ordered to repay US$14m to Mercuria after an extended legal battle over a slew of toxic Chinese metal financing deals.  The dispute, which has lasted over a year, follows...
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Opinion
3 July 2015
Two years ago, the International Chamber of Commerce launched the URBPO – the Uniform Rules for Bank Payment Obligations. Since then, the market has been increasingly using bank payment...
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Opinion
3 July 2015
After Greece’s default to the International Monetary Fund (IMF) and European Union (EU) lenders, the prospect of its de facto exit from the EU single currency looms larger day by day....
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News
16 June 2015
Global law firm Dentons has announced that Celia Gardiner has joined its banking and finance practice as a partner in London. A leading commodities and trade finance partner, she joins from Watson...
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Blog
5 June 2015
The onslaught of global regulation shows no sign of abating. No sooner had managers submitted their Annex IV to European regulators as required under the EU’s Alternative Investment Fund...
illicit outflows
Feature
1 June 2015
Between 2003 and 2012 the developing world lost US$6.6trn in illicit outflows, and trade finance abuse is a worrying conduit. Good technology and information can tackle this, says Chrisol Correia
docdex dispute resolution rules
Feature
1 June 2015
Georges Affaki and his panel at the recent ICC Banking Commission Annual Meeting in Singapore review the impact of the newly revised DOCDEX dispute resolution mechanism rules
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Feature
26 May 2015
By Anna Koshy, Associate, Sullivan & Worcester UK LLP (pictured) After nearly six months, the eagerly-awaited judgment in the Mercuria v. Citibank case was issued on Friday 22 May 2015. This...
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News
22 May 2015
Companies, institutional investors, and individuals trading on the world's largest financial market have strong claims in Europe as potential victims of collusion and manipulation carried out...
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News
22 May 2015
Having kept the commodity finance world on tenterhooks for the past six months, the High Court in London has at last handed down its judgment in respect of Citibank’s claim against Mercuria...
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Technology Update
20 May 2015
Banking software services provider Misys has announced the launch of a new component of its banking platform targeting Shari’ah compliance. ‘Misys FusionBanking essence Islamic...
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News
7 May 2015
A survey of UK’s top 100 law firms conducted by Thompson Reuters Legal shows that only about a quarter of businesses want to expand abroad, as compared to a higher figure last year. Only 24...
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News
7 May 2015
International financial services association BAFT and the International Trade and Forfaiting Association (ITFA) have announced a joint industry standard legal opinion for banks, which sets out to...
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Blog
30 April 2015
Commodity regulation is undergoing a once in a generation change driven by political concerns about the financial crisis and the price of food and energy.  But making uncoordinated regional...
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News
27 April 2015
BAFT, the international financial services association, has published its Guidance for Identifying Potentially Suspicious Activity in Letters of Credit and Documentary Collections.  The...
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News
27 April 2015
The International Chamber of Commerce (ICC) has revised its DOCDEX rules, a dispute resolution mechanism specifically designed to address trade finance concerns. In addition to widening its scope...
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