2018 – Annual Review of Intl. Banking Law & Practice

ISBN: 978-92-842-0486-1

Institute of International Banking Law & Practice
ICC Publication No. @986E, 2018 Edition


Ninety Nine Euros                    99.00€



Table of Contents Preview


19 Articles written by key experts from around the globe including:

  • James G. Barnes: TT Reimbursement Misunderstood
  • James E. Byrne: Letters of Credit
  • Abhinayan Basu Bal: Can UNCITRAL Instruments Advance Supply Chain Finance to Benefit Small and Medium Enterprises?
  • Charl Hugo: Demand Guarantees: Insights From the People’s Republic of China
  • Michelle Kelly-Louw: Construing Whether a Guarantee is Accessory or Independent is Key
  • Thandiwe Legwaila: Trade Digitization: Developments and Legal Aspects
  • Jacob Manning: Non-Bank Issuance of LCs: Permitted, but Perilous in Some Instances
  • Karl Marxen: Current Issues in the Law Relating to Independent Guarantees, Performance Bonds Payable on Demand, and Standby Letters of Credit – Perspectives From the United States, Australia, Singapore and Canada
  • David Meynell: Digitalisation and Trade Finance: What’s Next?
  • David Morrish: The Beauty of Standby Letters of Credit: Not Just in the Eye of the Beholder
  • Bob Ronai: My Opinion About the Opinions and the Future of Rules for Documentary Credits
  • Kim Sindberg:  The Tipping Points of International Trade
  • Chang-Soon Thomas Song: Can a Letter of Credit be Issued Which Requires a Copy Bill of Lading?
  • Zhida Yan & Yong Chen: Clarification Needed for Critical Issues Regarding Bill of Lading Copies


  • China Construction Bank v. Shanghai Pudong Development Bank (Impact of LC fraud on a negotiating bank discounting accepted bills of exchange under LCs)
  • Deutsche Bank v. CIMB Bank (Confirming Bank and Issuing Bank’s differing interpretations of UCP600 Art 7(c))
  • Kolmar Group v. Jiangsu Textiles Industry (Enforcement of a Singapore judgment by a Chinese court)
  • Sincore International v. RBRG Trading (When forged documents do not matter)
  • Toyota Tsusho (HK) Corp. v. Chimei Innolux Corp. (Remedies for a forged signature)
  • So Sau v. DBS Bank (Issuing bank’s duty to counsel applicant regarding LC terms)
  • Kawasaki Heavy Industries v. Laing O’Rourke Australia Construction (Link between independent undertaking and suretyship undertaking)
  • SNC-Lavalin v. BNP Paribas (Applicant of Counter Guarantee sues to enjoin payment to Local Bank)
  • ICBC v. China National Technical Imp. & Exp. Corp. (Fraud article of PRC Independent Guarantee Provisions) 
  • In re Factory Sales & Engineering, Inc. (Commercial standbys and detailed drawing statements)


  • BAFT and IIF Joint Committee Letter
  • Combatting Trade Based Money Laundering: Rethinking the Approach
  • Guiding Principles for Sanctions Issues Related to Shipping and Financial Products
  • ICC Decision in Respect of A Revision of UCP 600
  • ICC Global Survey 2017
  • ICC Trade Register Report: Global Risks in Trade Finance
  • ISP Official Interpretation 1.01-1
  • ISP Official Interpretation 1.01-2
  • Summary of the April 2017 ICC Banking Commission Meeting “The Future of Trade Finance: Traditional,Technological and Transformational” 5-6 April 2017 • Jakarta, Indonesia
  • Summary of the November 2017 ICC Banking Commission Technical Meeting 8 November 2017 • London, UK


  • IIBLP Comment on EPA Proposed Regulation
  • Under Secretary Sigal Mandelker Speech before the American Bankers Association & American Bar Association Financial Crimes Enforcement Conference

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