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The Court of Appeal found a confirming bank to be in breach of contract by declining to make payment under a confirmation to a letter of credit on the basis that a sanctions prohibition...
Singapore Court Of Appeal Decision Highlights The Importance Of Accurate Internal Sanctions Assessments In Contractual Risk Management. Legal News and Analysis - Singapore - Dispute Resolution, Insolvency & Restructuring -
Letters of credit (“LCs”) are intended to ensure certainty of payment for trades. But the prominent role that economic and trade sanctions have come…
“I wanted to throw up” was how one victim described her reaction to the news of Annabel “Belle” Walker’s somewhat sanitised account of her lies and deception.