8:30 – 9:00 Registration & Check-In
9:00 – 9:30 Welcome & Introducing Yourselves
Welcome Remarks: Michael BYRNE (IIBLP)
9:30 – 10:30 Treasury, Working Capital, and Risk Management: Emerging Trends and Strategic Insights
Learn the latest in treasury, working capital and risk management from our panel of experts as they explore emerging trends including email presentation, rules revisions, and more.
10:30 – 10:40 Coffee & Networking Break
10:40 – 11:25 Standby LCs: What the Courts are Saying
- Shinetec (Australia) Pty Ltd v. The Gosford Pty Ltd (Transfer by Operation of Law; extent to which the ISP98 Official Commentary can be used to construe the ISP98 rules)
- Pacific Atlantic Pipeline Construction Inc. v. Coastal Gaslink Ltd. (injunction application denied, affirmed on appeal)
- ERA Capital L.P. v. Soleil Chartered Bank (a warning to bank employees not to make representations about other banks or parties)
- In re Spiegel (what certified means with respect to a government or court-issued document)
- The Milky Whey, Inc. v. HSBC Bank USA, N.A. (Beneficiary failed to present original amendment; wrongful dishonor complaint dismissed)
- Lummus Technology Heat Transfer B.V. v. Credit Agricole CIB (Court enjoined payment as a fraud given force majeure event that contract excused performance but without Russian confirming bank being named as a party)
11:25 – 11:35 Coffee & Networking Break
11:35 – 12:05 Risk Distribution & Balance Sheet Management
Buying, selling and sharing risk: meeting regulatory requirements, managing cost of funds, and growing your business.
12:05 – 12:40 Drafting a Digital Standby: From eIssuance to eNotices
What terms should be in an SBLC for electronic issuance, presentments, confirmations, transfers, assignments and notices?
12:40 – 13:40 Lunch Break
13:40 – 14:10 The Swift Rundown
The Swift Standards Release 2024 involves no update for trade finance, but several key decisions are now pending that will shape the future of Category 7 and MT 798 messages. The implementation proposal will be addressed as well as the status of the ICC-Swift API standard for attachments.
14:10 – 14:20 Coffee & Networking Break
14:20 – 14:50 Guarantees: What the Courts are Saying
- Ee Hup Construction v. China Jingye Engineering (unconscionability; independent nature of on-demand performance bond)
- Eurobank Ergasias S.A. v. Bombardier Inc. (Knowledge of fraudulent demand by local guarantee beneficiary taints counter guarantee beneficiary’s demand, justifying permanent injunction, Canadian Supreme Court affirms)
- Indian Overseas Bank v. Seabulk Systems Inc. (Reimbursement claim under advanced payment guarantees)
14:50 – 15:00 Coffee & Networking Break
15:00 – 15:40 The Role of Standbys in Developing Economies
Join us for a dynamic panel discussion on the critical role of Standby Letters of Credit (SBLCs) in Developing Economies, where industry experts will explore how these financial instruments enhance trade, mitigate risk, and foster economic growth. Our panelists will examine the challenges and opportunities SBLCs present for businesses, governments, and financial institutions in emerging markets.
15:30 – 15:40 Coffee & Networking Break
15:50 – 16:10 Re-Introducing the ISP98 Model Forms
Freshly revamped for easier use, the ISP98 Model Forms aren’t just templates — they’re expert-crafted tools designed for nine real-world standby situations. Each form comes with two useful tools: one contains helpful annotations that break down the language, and the other is a fillable version for those ready to hit the ground. Our panelists will spotlight some of the hidden gems tucked inside.
16:10 – 16:20 Coffee & Networking Break
16:20 – 16:50 Asked and Answered: A Nickel’s Worth of Free Advice
How to handle problematic text banks are given and expected to include when issuing standbys & guarantees in favor of government agencies and other beneficiaries with leverage? The panel will start by discussing this and move to other challenging practice developments they’ve encountered and viable remedies. Then it’s your chance to ask the panel of experts thorny questions about situations you’ve seen in practice.
