Legal

Sullivan’s Geoffrey Wynne highlights the key legal and regulatory themes to pay attention to in 2019.

Rebecca Harding discusses the elusive hidden trade and how it relates to anti-money laundering initiatives and the challenges they bring for banks.

ADB’s Steven Beck explores the challenges, risks, and implications of fighting financial crime and how such precautions are impacting market gaps.

The International Chamber of Commerce (ICC) Banking Commission has today released a whitepaper urging the trade finance industry to work together to ensure that regulation does not hinder the availability of trade finance and remains relevant in a digital landscape.

International law firm Sullivan has advised international financial services association BAFT (the Bankers Association for Finance & Trade), together with ITFA (the International Trade and Forfaiting Association), on the updated New York law Master Participation Agreement (NY MPA) and associated usage guidelines, published yesterday.

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 →