Navigating US sanctions in Singapore: Part 1: Bank Payments under Letters of Credit
America has one of the most wide-ranging sanctions regimes, which in some cases are also designed to have extra-territorial reach on non-US persons.
Greenwashing: Who polices net zero claims?
Net-zero has become the modern buzzword for sustainability and corporate social responsibility. As global awareness and demand for sustainable products and services accelerate, businesses eager to capitalise on this trend might run the risk of making false or misleading claims about the climate impact of their products or services, in what is commonly coined as …
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Misdelivery: Are BLs good security anymore?
BLs have formed an integral part of the trade finance structure. They are often a fundamental security for banks to receive because they give the lawful holder the right of possession to the cargo, and failing that, the right to bring a misdelivery claim against the shipowner that issues the BL. But international trade involves …
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Restructuring in Singapore: Key Q&As for Trade & Finance Creditors
Market volatility in international trade and commodities invariably results in trade defaults. As a hub for international trading companies, Singapore has seen its fair share of insolvencies and restructuring in the past few years as a section of traders felt the effects of the pandemic,