Legal

Trade sanctions are among the many tactics resorted to by the international community in order to compel a state to comply with its human rights obligation. 

At the IIBLP’s Dubai Trade Law & Compliance Conference held in Dubai on 15 March 2022, one of the panellists referred to the Solo Industries fraud in a panel discussion addressing the recent Singapore case, Credit Agricole Corporate & Investment Bank (CACIB), Singapore branch v. PPT Energy Trading Co.

The arguments for digitalising trade processes are well known. Paper-based processes are inefficient, error-prone, and subject to frequent delays––particularly in times of disruption. 

To help combat fraud and provide advice to banks, trade associations, governments, and regulators, the International Chamber of Commerce (ICC) UK, Centre for Digital Trade and Innovation, and MonetaGo have released their latest whitepaper: Shutting fraudsters out of trade.

A prominent point of discussion at the International Trade and Forfaiting Association’s (ITFA) 48th Annual International Trade and Forfaiting Conference in Porto has been the digitisation of trade finance––particularly after the challenges COVID-19 caused for a largely paper-based industry.

On 12 October, the UK officially introduced The Electronic Trade Documents Bill into parliament, the next step in a long road to shred the country’s legally imposed reliance on using paper for trade documents. 

The latest issue of TFG’s Trade Finance Talks, ‘Time’s Ticking for Tech’, is out now!

Trade Finance Global (TFG) spoke with Jason Barrass, chief commercial officer at ARC Ratings to learn more about the role that credit rating agencies can play in this shift,

During a panel at ICC Austria’s Trade Finance Week, moderator Tomasch Kubiak, policy manager at the ICC Global Banking Commission, spoke with panellists Gabriele Katz, director of global transaction banking at Deutsche Bank; Angela Koll, senior business expert for trade and supply chain finance at Commerzbank; and David Meynell, owner of TradeLC Advisory and senior technical advisor to the ICC Global Banking Commission.

From former US President Donald Trump’s trade war with China to House Speaker Nancy Pelosi’s controversial visit to Taiwan in August, ties between the US and China have been delicate in recent years.

With commodities like food and energy resources scarcening in the face of climate change and the Ukraine-Russia conflict, all eyes are turning towards Africa as a possible solution.

Conflict with Russia has created a multitude of substantial repercussions for economies around the world, not least an ongoing disruption within the global energy market.

The latest issue of TFG’s Trade Finance Talks, ‘SME trade finance: flying under the radar’ is out now!

Trade loans are used to finance transactions involving import or export trading and reflecting different stages in the commodity trade cycle, from pre-export financing to borrowing base facilities.

All trade loans, however, are used to finance imports, exports, or other trading transactions.

Canadian investors are becoming more particular about how they deploy their capital, delivering returns with ESG factors being a key consideration.