2018 Annual Review of International Banking Law & Practice

94 CASE SUMMARIES FROM DECISIONS RENDERED IN 2017 INCLUDING: 

• China Construction Bank v. Shanghai Pudong Development Bank (Impact of LC fraud on a negotiating bank discounting accepted bills of exchange under LCs)
• Deutsche Bank v. CIMB Bank (Confirming Bank and Issuing Bank’s differing interpretations of UCP600 Art 7(c))
• Kolmar Group v. Jiangsu Textiles Industry (Enforcement of a Singapore judgment by a Chinese court)
• Sincore International v. RBRG Trading (When forged documents do not matter)
• Toyota Tsusho (HK) Corp. v. Chimei Innolux Corp. (Remedies for a forged signature)
• So Sau v. DBS Bank (Issuing bank’s duty to counsel applicant regarding LC terms)
• Kawasaki Heavy Industries v. Laing O’Rourke Australia Construction (Link between independent undertaking and suretyship undertaking)
• SNC-Lavalin v. BNP Paribas (Applicant of Counter Guarantee sues to enjoin payment to Local Bank)
• ICBC v. China National Technical Imp. & Exp. Corp. (Fraud article of PRC Independent Guarantee Provisions)
• In re Factory Sales & Engineering, Inc. (Commercial standbys and detailed drawing statements)
• …

10 PRACTICE REPORTS INCLUDING:

• BAFT and IIF Joint Committee Letter
• Combatting Trade Based Money Laundering: Rethinking the Approach
• Guiding Principles for Sanctions Issues Related to Shipping and Financial Products
• ICC Decision in Respect of A Revision of UCP 600
• ICC Global Survey 2017
• ICC Trade Register Report: Global Risks in Trade Finance
• ISP Official Interpretation 1.01-1
• ISP Official Interpretation 1.01-2
• Summary of the April 2017 ICC Banking Commission Meeting “The Future of Trade Finance: Traditional,Technological and Transformational” 5-6 April 2017 • Jakarta, Indonesia
• Summary of the November 2017 ICC Banking Commission Technical Meeting 8 November 2017 • London, UK

STATUTES & GOVERNMENT ACTIONS

• IIBLP Comment on EPA Proposed Regulation
• Under Secretary Sigal Mandelker Speech before the American Bankers Association & American Bar Association Financial Crimes Enforcement Conference