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Welcome to the latest edition of Trade Finance Insight. We are pleased to present a curated selection of articles and resources on all things trade finance, designed to inform and engage our readership.
Our lead article delves into one of the key instruments of international trade finance - the standby letter of credit - and examines whether the prioritisation of inviolability has led to outcomes perceived to be unduly kind to beneficiaries.
We follow with two feature articles that look at important changes to UK law relevant to trade finance; the first is a recent change of law in the field of arbitration and the second is an interesting proposal to bring the near-150-year-old bills of exchange laws into the future.
In our final article, we explore recent changes to the Bankers Association for Finance and Trade Master Trade Loan Agreement.
As always, do not miss our regular Sanctions and Export Controls update page, featuring a selection of intriguing reads, including the latest developments in the US and EU’s approaches to Iran and Syria. We are also pleased to connect you with some great resources focused on sustainability including A Practical Guide to Greenwashing for Financial Institutions, the Sustainability Risk Radar for Financial Institutions and an in-depth article looking at the EU Omnibus Simplification Package.
Lastly, we are proud to share our fantastic news on recent awards won by the Baker McKenzie team.
We hope that you enjoy this 11th edition of Trade Finance Insight.