The shift to a more digital form of globalisation changes who is participating, how business is done across borders, and where the economic benefits are flowing. This creates a new paradigm where not only large corporates, but also retailers, SMEs, and individuals can use international payments, integrated commerce, or trade interfaces regularly.

This article was originally published on December 19 2022 by Watson Farley & Williams LLP. TFG would like to thank Kimarie Cheang and Chengxi Tan for their contribution.

What a year it has been for Trade Finance Global. We took the time to review over 500 pieces of content to bring you the most popular themes, articles, podcasts, and videos.

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.

To learn more about this latest surprise under the tree, Trade Finance Global’s Deepesh Patel spoke with Geoff Wynne, partner and head of the Trade & Export Finance Group at Sullivan and Worcester.

Since the UCP 600’s adoption in 2007, concern has persisted over what the Article 35 rule actually requires of an LC issuer if documents get lost in transit between banks. 

At the European Bank for Reconstruction and Development’s (EBRD) Trade Facilitation Program (TFP) Forum in Istanbul, TFG spoke with Vincent O’Brien, director of the International Chamber of Commerce (ICC) in the United Arab Emirates (UAE) and associate director of the Institute of International Banking Law and Practice.

ICC Trade Register confirms that for larger banks, credit risk in trade, supply chain, and export finance fall back to pre-pandemic levels.

With the expanding use of economic sanctions within and across jurisdictions, lawyers have to consider not just the wording of the relevant economic sanctions but also how regulators will interpret whether certain activity is compliant or not and how courts will reach conclusions.

To learn more about the current credit insurance landscape and insurance provider Swiss Re’s expansion into the North American market, Trade Finance Global (TFG) sat down with Basil Louvaris, Trade Finance North America Geographic Lead at Swiss Re Corporate Solutions, the primary insurance arm of Swiss Re.