In 1977, as Mr Justice Kerr was coining his often-cited description of the letter of credit as the “lifeblood of international commerce”, the obstruction caused by the use of sanctions in international trade as a weapon of foreign policy would have been difficult to predict. The modern use of sanctions clauses would have been beyond comprehension.
Despite the widespread ‘backlash’ against ISDS, originating primarily in academia, ISDS offers important procedural protections for foreign investors and should be retained in Free FTAs.
The House of Commons recently released a research summary of the Electronic Trade Documents Bill (ETDB), marking yet another step towards the bill becoming an enshrined law in the summer… read more →
The Basel regulations have been continuously refined and updated to address new risks and challenges in the global banking sector, with the overall aim of promoting financial stability and preventing future crises.
While at the ITFA and BCR: Trade & Investment Forum 2023, Trade Finance Global’s Deepesh Patel was happy to sit down and talk to Lord Holmes of Richmond MBE to discuss what the UK government is doing to support this digital transition.
DLT offers the financial services industry a new piece of infrastructure to push the boundaries of Open Banking. But it doesn’t come without its challenges. TFG heard from tradetech expert André Casterman on future use cases for blockchain in assets, trade and transaction banking.
The digital economy has seen tremendous growth over the past decade for several reasons. This has given rise to a large number of digital assets that are commonly used as part of transactions in digital environments and beyond.
Trade sanctions are among the many tactics resorted to by the international community in order to compel a state to comply with its human rights obligation.
At the IIBLP’s Dubai Trade Law & Compliance Conference held in Dubai on 15 March 2022, one of the panellists referred to the Solo Industries fraud in a panel discussion addressing the recent Singapore case, Credit Agricole Corporate & Investment Bank (CACIB), Singapore branch v. PPT Energy Trading Co.
ITFA has announced the release of Uniform Rules for Transferable Electronic Payment Obligations (URTEPO), a unique set of rules that cover electronic payment obligations. Digitalisation and accompanying changes in the… read more →