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A Dutch ship operating company, SBV, brought claims against a Chinese bank, BOC, for payment under two refund guarantees governed by English law.
This update gives an overview of the various sanctions that have been implemented by the EU authorities over the last 12 months following the events that took place in Ukraine during 2014.
Court of Appeal considers whether dishonouring LC bank has title to sue under indorsed bill of lading download
The Court of Appeal has given judgment in a case that has implications for all traders who rely on letters of credit for payment security in their sale and purchase transactions.
Restrictive covenants: East England Schools CIC (Trading as 4 MYSCHOOLS) v Palmer and Another, High Court download
It is established law that to be enforceable restrictive covenants of this nature can be no wider than is necessary to protect the employer’s legitimate business interests.
In AB v A Chief Constable, High Court [QBD]  IRLR 700, the High Court considered whether an employer is under a duty to supply a reference.
Employment Law Update, autumn 2014: legislative changes — flexible working; mandatory early conciliation; and more download
This Employment Law Update outlines the latest legislative changes. These follow the trend of recent years to extend family-friendly rights and employee protection.
The Privy Council has confirmed that an injunction restraining a bank from paying under a letter of credit on the basis of fraud will only be justified in extraordinary circumstances.
This article provides a brief note on the matter and the issues involved and provides some preliminary comments from a risk management perspective.
Double trouble for D&O insurers as the UK regulators extend the limitation period applicable to disciplinary investigations download
Recent legislative changes in the UK are likely to raise concerns for D&O insurers and their insureds.
Swallowfalls v Monaco Yachting provides further support for the construction of contracts in the manner most consistent with ‘commercial common sense’.
The Shipping E-Brief is a quarterly publication providing information on key legal decisions and developments in shipping and related business areas.
Shanghai: Chinese Supreme Court strengthens interpretation on respecting the independence of refund guarantees download
The Chinese Supreme Court in November 2013 circulated a draft judicial interpretation dealing with cases in relation to independent guarantees.
The Dubai International Financial Centre (DIFC) is a separate common law jurisdiction within the UAE.
This note considers what a MAC clause is and when it is used, highlights recent case law and offers some tips for those involved in reviewing or negotiating MAC clauses.
Bribery Act update download
Serious Fraud Office director David Green QC has proposed a number of changes to the UK Bribery Act.
High-frequency trading download
High-frequency trading is the trade of securities (such as stocks) in a matter of microseconds.
The Provisions on the Administration of Foreign Exchange for Cross-Border Security replace 12 existing regulations providing for cross-border security.
Over recent weeks, the P5 1 have been engaged in discussions with Iran with the aim of reaching an agreement over Iran’s nuclear programme.
The circumstances in which an indorsee of a bill of lading obtains title to sue the carrier download
This case concerns an issue in relation to the application of the Carriage of Goods by Sea Act 1992.
Documents presented under a letter of credit must strictly comply with the requirements of the letter of credit in order for the issuing bank to make payment.