2021 APAC Annual LC Survey | Asia Pacific | 22-23 July | 10 CPDs

2021 APAC Annual LC Survey | Asia Pacific | 22-23 July | 10 CPDs

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2021 APAC Annual LC Survey | 10 CPDs
22-23 July 2021

We're excited to invite you to the 2021 APAC Online Annual Survey to be held online on July 22-23 from 09:00-15:00 HKT/SKT both days.

For 30 consecutive years, IIBLP has brought together the top minds in international banking law, practice, and policy for this unique educational conference. Once again we will be holding this event virtually over two sessions. CDCS, CSDG, CSCF and CTFC holders will receive 10 CPDs for attendance. 

Who Should Attend 

• Banking Staff - including trade operations staff and management,
  any staff included in trade transactions.
• Risk & Compliance Personnel 
• In-house Counsel
• Lawyers outside of banking institutions dealing regularly with trade transactions
• Corporate - Sales, services, FinTech, RegTech and industries involved in trade finance
• Government Personnel dealing with regional or global concerns in cross
  border finance

What to Expect

• A Dynamic & Instructional environment

• Predictions and advice from the world’s top operational, technical and legal experts
• Gain understanding of future trends as they impact your daily operational work
• A unique cross section of technical, legal, operations, and compliance with a focus on solutions for practical implementation.

Additional Resources

UCP600 Article 36: Force Majeure (ebook)
IIBLP Sanctions Clause
ISP98 Official Commentary

Event will be held on Zoom. Please ensure you can use this software. For inquiries contact
Invited Panelists

Chi Hoong Chang - Singapore

Angelia Chia - Singapore

Alan Davidson - Australia

Andrea Frosinini - Italy

Judge Xiang Gao - China

Nesarul Hoque - Bangladesh

Saibo Jin - China

Mukta Kadam - India

Ana Kavtaradze - Georgia

Robert Koh - HK

Ashish Madan - India

Roshel Mahabeer - Singapore

Byron McKinney - UK

K. Nizardeen - UAE

Vin O'Brien - Ireland  

Venkatraman P - Hong Kong



Sally Peng - Hong Kong

Kaushika Ruwangalla - UK

Joel Schrevens - Belgium

Radish Singh - Singapore

Gabriel Sham - Singapore

Chee Seng Soh - Singapore

Andrew Tam - Hong Kong

Fabian Tang - Singapore

Louise Taylor-Digby - Singapore

Kian Sing Toh - Singapore

Jun Xu - China

Tat Yeen Yap - Singapore

Michael Yau - Hong Kong

Boon-Teck Yeo - Hong Kong

Sammy Yu - Hong Kong

Antony Yung - Hong Kong


Schedule - Day 1 


Thursday, 22 July – Day 1


8:30 – 9:00      Online Check-In and Entry to Day 1 Session
9:00 – 9:10      Welcome and Introduction to Day 1

Welcome Remarks: Michael BYRNE (IIBLP)

9:10 – 10:00    The Brave New World for Global Trade

·       Where Trade Is & Where We’re Headed: Light at the End of the Long, Dark COVID Tunnel?

·       Alleged Unfair Standby LC Draws

·       Ripe or Hype? The Market for Secondary Risk Participation in Trade Finance Deals

·       Force Majeure & ICC Rules: Lessons Learned 

·       Fallout from Singapore's Commodity Financing Scams

Moderator: Vin O’BRIEN (ICC UAE)

Panelists: SOH Chee Seng (ABS; IIBLP); Girish HANUMEGOWDA (IHS Markit); Jun XU (Bank of China); Laxman SANKARAN (TradeAssets)

10:00 – 10:40 A Sign of the Times: Signatures and Authentication

·       Signatures vs. Authentication: Lines Blurred

·       Documents Deemed to Have been Signed 

·       Digital Negotiable Instruments 

·       Risks & Benefits of Using Platform-Based Solutions for Digital Signatures


Moderator: Boon-Teck YEO (BofA)

Panelists: Jun XU (Bank of China); Alan DAVIDSON (Univ. Queensland)

10:40 – 10:55 Virtual Coffee Break
10:55 – 11:35  Commercial LC Cases and Practice Considerations

·   Bank of China Ltd, Singapore Br. v. BP Singapore Pte Ltd [Singapore]
-Fallout from Singapore’s Commodity Financing Scams

·   Punjab National Bank v. Malayan Banking Bhd [Malaysia]
-Negotiating Documents Based on Fax Copies
-Acceptability of Freight Forwarder’s Bill of Lading
-Court’s Acceptance (or not) of ICC Official Opinions as Evidence 

· United Coals, Inc. v. Attijariwafa Bank [USA]
-Bank Contracted/Promised to Issue LC  

· Galleria (Hong Kong) Ltd. v. DBS Bank [Hong Kong]
-Fraudulent B/Ls


Moderator: SOH Chee Seng (ABS; IIBLP)

Panelists: TOH Kian Sing (Rajah & Tann); Boon Teck YEO (BofA); Michael YAU (Eversheds)

11:35 – 12:05  Confronting LC Practice Controversies


·       Significant ICC Final Opinions from Fall 2020 and Spring 2021

Moderator: Khalil MATAR (Alinma Bank)

Panelists: Gabriel SHAM (Consultant); Ahmir MANSOOR (MCB Bank)

12:05 – 12:35 Virtual Lunch Break


12:35 – 13:05  Applicant’s and Beneficiary’s Corner


·    How LC Banks can Better Serve Their Customers


Moderator: Sammy YU (JP Morgan)

Panelists: Fabian TAN (Consultant); Clara TOH 

13:05 – 13:35  What about Automating Document Examination?

·       Examination Efficiency: Striking the Right Balance between Speed vs. Skill  

·       Smart Use of OCR, AI, and Machine Learning  

·       Third Party Documents: Digital or Not?

·       Regulatory Issues 


Moderator: Tat Yeen YAP (MonetaGo)

Panelists: Robert KOH (HSBC); Marc SMITH (Conpend)

13:35 – 13:45  Islamic Trade Finance: 2021 Status Report


Speaker: K. Nizardeen (CIB)

13:45 – 14:00 Virtual Coffee Break


14:00 – 14:15  SWIFT Update 

·       Cat 7 Changes Slated for November 2021

·       Message type 765 – SBLC/DG and authentication


Speaker: Mukta KADAM (SWIFT) 

14:15 – 14:50 Standbys: Time to Stand Up


Moderator: Vin O’BRIEN (ICC UAE)

Panelists: Nesarul HOQUE (Mutual Trust Bank); Ana KAVTARADZE (Consultant); Ashish MADAN (Adam Smith Associates)

14:50 – 15:00 Summary, Lucky Draw, and Closing Remarks


Schedule - Day 2 


8:30 – 9:00      Online Check-In and Entry to Day 2 Session


9:00 – 9:05      Welcome and Introduction to Day 2


Welcome Remarks: Michael BYRNE (IIBLP)


9:05 – 9:15      Introduction to Shipping & AIS 

·       What is AIS and how does it work?

·       Ship, ships, and more ships


Co-Panelists: Michael BYRNE (IIBLP); Rishad LILANI (IHS Markit) 


9:15 – 9:55      Sanctions & Compliance

·       Russia | Iran | North Korea | Venezuela

·       Myanmar: real time dealings with business co-owned by a sanctioned military

·       China Anti-Sanctions Law

·       The Biden Administration: 6 month report card

·       OFAC enforcement trends for 2021 and beyond


Moderator: Alma ANGOTTI (Guidehouse)

Panelists: Sally PENG (FTI Consulting); Nizardeen K (CIB)


9:55 – 10:25    ESG and Sustainable Trade Finance 

·       ESG Due Diligence and Disclosures on Supply Chain Impacts 

·       ESG Risks and "Green Crime" 

·       EBA's Draft RTS on ESG Disclosures

·       Identifying ESG Risk via SWIFT KYC Registry

·       Green Credits in Practice


Moderator: Michael BYRNE (IIBLP); SOH Chee Seng (ABS, IIBLP)

Panelists: Chi Hoong CHANG (HSBC); Kamran KHAN (Deutsche Bank); Simone FYNMORE (ANZ); Roshel MAHABEER (Standard Chartered); Rosemary BISSETT (National Australia Bank)


10:25 – 10:35 Virtual Coffee Break


10:35 – 11:15  Standby & Guarantee Cases and Practice Considerations


·   Leonardo S.p.A v. Doha Bank Assurance Co. [Qatar]

·   Salam Air SAOC v. Latam Airlines Group SA [England]

· Louis Dreyfus Company Suisse SA v. International Bank of St. Petersburg [England]

· Skanska USA Civil Southeast Inc. v. UP Community Fund, LLC [USA]

· Standard Chartered Bank & Anor v. Registrar of Companies [England]

Moderator: Dr. Alan DAVIDSON (University of Queensland)

Panelists: Angelia CHIA (Mayor Brown); Andrew TAM (ANZ); Kim SEAH (Incisive Law); Michael YAU(Eversheds)

11:15 – 11:45  Introducing The ISDGP 

·       “Authenticated”
·       When is a Guarantee Issued?
·       Advising Bank as Agent of Guarantor
·       Standard of Determining Compliance
·       Time Frame for Making of Payment

Moderator: SOH Chee Seng (ABS; IIBLP)

Panelists: GAO Xiang (China U. of Political Science & Law); ZHU Hongsheng (CMBC)

11:45 – 12:15 Virtual Lunch Break


12:15 – 12:45  Guarantee & Standby Cases from the PRC

·       CAMA (Luoyang) Aviation Protective Equipment Co. v. UBAF  Ltd. 

 ·       Yapi Kredi v. Shenyang Yuanda Aluminum Industry Engineering Co. 

Moderator: SOH Chee Seng (ABS; IIBLP)

Panelists: JIN Saibo (Beijing Jincheng Tongda & Neal); Jun XU (Bank of China

12:45 – 13:25  2021 Developments in SCF 

·       It’s off balance sheet: what are the challenges

·       What’s new and what are the risks/rewards

Moderator: Chi Hoong CHANG (HSBC)

Panelists: Angelia CHIA (Mayor Brown); K. Nizardeen (CIB); John TURNBULL (Bank ABC); Boon-Teck YEO (BofA)

13:25 – 13:35 Virtual Coffee Break


13:35 – 14:15  Digitalisation of Trade

·       Blockchain Platforms for LCs

·       Fintechs and Financial Institutions Collaboration

·       Mixed Presentations

·       Enforceability of Electronic Bills of Lading

·       Uniform Rules for Digital Trade Transactions (URDTT): How will they work in practice?


Moderator: Vin O’BRIEN (ICC UAE)

Panelists: Joel SCHREVENS (CHINA SYSTEMS); Andrea FROSININI (Hyperledger); Venkatraman P. (HSBC); Chi Hoong CHANG (HSBC)

14:15 – 14:45 Trade Based Money Laundering

·       Price checking and over/under invoicing

·       Open account trades

·       Complicated STR/SAR filings drive TBML

·       Time for STR/SAR reporting standards?


Moderator: Tat Yeen YAP (MonetaGo)

Panelists: Fatima VALLAR (ING); Radish SINGH (Deloitte)

14:45 – 15:00 Summary, Lucky Draw, and Closing Remarks

*Confirmed Panelists in Yellow 



Presented By:





Sponsorship Opportunities

Please email Michael Byrne at for more details on how to sponsor this trade finance event.