2018 Annual Review of International Banking Law & Practice

2018 Annual Review of International Banking Law & Practice

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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. 

Note: All eBook order can take up to 24 hours to process.

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-Louw: 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: 

  • 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

    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

    Edited by: Professor James E. Byrne, Christopher Byrnes, Justin B. Berger, Dr. Karl Marxen
    Edition: 2018 (CURRENT) 

    Type of Product: eBook