2018 Annual Review of International Banking Law & Practice

2018 Annual Review of International Banking Law & Practice

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2018 Annual Review of International Banking Law & Practice

Edited by: Professor James E. Byrne, Christopher Byrnes, Justin B. Berger, Dr. Karl Marxen

Edition: 2018 (CURRENT) 

Type of Product: eBook


For 22 years, the Institute of International Banking Law & Practice has produced the world’s only annual record of court activity regarding LCs and guarantees, plus the year’s significant writing on international banking law & practice.

A critical tool in any LC and Guarantee practitioner's arsenal, the 2018 Annual Review of International Banking Law & Practice is a convenient and fully searchable eBook containing a year's worth of case summaries, expert articles, practice reports, and government actions. 

What's Inside

19 Articles written by key experts from around the globe including:

  • James G. Barnes: TT Reimbursement Misunderstood
  • James E. Byrne: Letters of Credit
  • Abhinayan Basu Bal: Can UNCITRAL Instruments Advance Supply Chain Finance to Benefit Small and Medium Enterprises?
  • Charl Hugo: Demand Guarantees: Insights From the People’s Republic of China
  • Michelle Kelly-Louwe: Construing Whether a Guarantee is Accessory or Independent is Key
  • Thandiwe Legwaila: Trade Digitization: Developments and Legal Aspects
  • Jacob Manning: Non-Bank Issuance of LCs: Permitted, but Perilous in Some Instances
  • Karl Marxen: Current Issues in the Law Relating to Independent Guarantees, Performance Bonds Payable on Demand, and Standby Letters of Credit – Perspectives From the United States, Australia, Singapore and Canada
  • David Meynell: Digitalisation and Trade Finance: What’s Next?
  • David MorrishThe Beauty of Standby Letters of Credit: Not Just in the Eye of the Beholder
  • Bob Ronai: My Opinion About the Opinions and the Future of Rules for Documentary Credits
  • Kim Sindberg The Tipping Points of International Trade
  • Chang-Soon Thomas Song: Can a Letter of Credit be Issued Which Requires a Copy Bill of Lading?
  • Zhida Yan & Yong ChenClarification Needed for Critical Issues Regarding Bill of Lading Copies

94 Case Summaries from decisions rendered in 2017 including: 

  • Arab Banking Corp. v. Boustead Singapore Ltd (Counter Guarantees & Extend or Pay) 
  • Arch Specialty Insurance Company v. First Community Bank of Eastern Arkansas (Presentation of Original LC)
  • Arrowhead General Insurance Agency v. Lincoln General Insurance Co. (Automatic Extension)
  • CKR Contract Services Pte. Ltd. v. Asplenium Land Pte. Ltd (Unconscionability & Limiting Clause)
  • Grains and Industrial Products Trading Pte Ltd v. Bank of India (Nominated Bank/Issuer Relationship)
  • Hong Kong Huihuang Industrial Co. v. Allahabad Bank (Preclusion)
  • National Infrastructure Dev. Co. v. Banco Santander S.A. (“Due and Owing”)
  • Societe Anonyme Marocain De L’Industrie Du Raffinage v. Bank of America, N.A. (Reasonable Knowledge of Fraud)

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

    Who Should Read This

    - Bankers in the trade finance realm

    - Lawyers dealing with LCs, guarantees, or trade

    - Corporates involved with LCs and guarantees

    - Anyone looking to avoid litigation and maintain high level LC and Guarantee practice


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