News

First Citizens & Flagstar Climb in US LC Rankings

First Citizens and Flagstar banks. the two financial institutions which purchased from the US Federal Deposit Insurance Corporation (FDIC) the bridge banks of Signature Bank...

Standbys without Expiration - Disagreements

Documentary Credit World reader feedback has expressed disagreement with the statement in the Update on “Standbys without Expiration Dates” (Oct 2022 DCW 4) that “It...

Revisiting the Solo Industries & Saad Group Trade Finance Frauds: Past Could Resurface If Bankers Are Lax

Those who forget the lessons of history are condemned to repeat them. Trade finance frauds are no exception. - Article by Pradeep Taneja This article appears in...

Are Economic Sanctions Introducing Uncertainty into Trade Instruments?

With the expanding use of economic sanctions within and across jurisdictions, lawyers have to consider not just the wording of the relevant economic...

ISP vs. UCP: Key Differences for Standbys

There are risks and lost opportunities in using UCP600 for standbys. Because of the great advantage of rules, many standbys are issued subject...

Europe’s Blocking Statute & its Impact on International Commercial Transactions

This article is taken from the July/August 2021 Double Issue of Documentary Credit World  Author: Dr. Karl Marxen 1 In 2018, the US fully reinstated...