Legal

International law firm Sullivan has advised ITFA (the International Trade and Forfaiting Association), on its recently published guide to accounting and legal issues under International Financial Reporting Standard (IFRS) 9 for the trade receivables and supply chain finance industry.

The superimposition of DLT into the trade and shipping space naturally brings about a major step towards the digitization of trade. The process of trade digitization, however, is still traversing a legislative grey area. In many jurisdictions, including the USA, there are currently no regulations or laws that recognize electronic negotiable instruments in lieu of their written counterparts. Overcoming this immense operating hurdle will be a key initiative to reaching the full potential of DLT in the trade space.

With numerous bodies and organisations speculating, pre-selling courses and providing information on fake incoterms, TFG gets behind incoterms 2020, why there are rumours, what’s fake, and what’s true.

In the early hours of the morning, President Trump raised a further $200bn worth of tariffs on Chinese exports (5,700 different products to be exact), moving the tariff from 10% to 25%.

Sullivan & Worcester LLP, the Boston-based international law firm, has unveiled a dynamic new brand and logo. The firm will now be known as “Sullivan” and, in conjunction with the name change, has revealed a bold, striking logo intended to graphically symbolize the forward-thinking and creative approach that the firm brings to client matters.

Anti-money laundering is the process of financial institutions and other business entities using in-house (sometimes assisted by external parties – more on this to come) methods to address the risks posed by Trade-Based Money Laundering.

We heard from Allen & Overy who advised ING Bank N.V. as a trade finance provider and RCF lender to the Noble Group. The innovative deal that closed in December of… read more →

At Trade Finance Global we get asked numerous questions around Letters of Credit, so we’ve put together a list of the top questions asked regarding payment times and the presentation… read more →

A judgment handed down by the English Commercial Court in 2018 illustrates how trade finance banks can find themselves facing unexpected risks when things go wrong in their customers’ trading… read more →

Asset protection planning and asset protection vehicles are one of the ways business owners prevent some of the pitfalls and risks of owning assets. Profit and revenues alone are not… read more →