Annual Review of International Banking Law & Practice 2012

  • ID: 2192986
  • Book
  • Region: Global
  • 670 Pages
  • Institute of International Banking Law & Practice
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Produced each year since 1996, the ANNUAL REVIEW OF INTERNATIONAL BANKING LAW & PRACTICE is the world's only annual survey of court cases regarding commercial letters of credit, standby letters of credit, and independent guarantees, plus the year's significant articles, practice reports, and government actions impacting these instruments.

Highlights of the 670-page 2012 ANNUAL REVIEW edition:

- 23 Articles including “Overview of International Banking Law & Practice in 2011” by BYRNE; analysis of ICC Opinions; Chinese LC law & practice activity; the finer points of the UCP600, ISP98, and URDG758 rules of practice; and other writing from leading banking & law experts.

- 119 Letter of Credit and Guarantee Case Summaries from 11 countries and regions including: ABN AMRO (UCP600 & Issuer Duty of Care) from the Netherlands; CVD Equipment (UCP600 & Transport Docs) from USA; the Fortis Bank appeal (UCP600 Notice & Preclusion) from England; Kuehne (Bill of Lading Reissuance) from Canada; Labroy Offshore (Injunction, Improper Drawing) from Singapore; Societe Generale (Reimbursement Agreement) from England; and UBS AG (Fraud Exception) from India.

- 2 Practice Reports and 3 Government Actions, including international trade finance studies.

- Cumulative Index, includes terms appearing in the 2012 volume as well as past editions.
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Overview of International Banking Law & Practice in 2011 by Professor James E. BYRNE

AVIDON, Michael Evan; ISP98 Rule 3.12(a): Is It a Trap, or a Warning to an Unwary Beneficiary of a Letter of Credit?
BARNES, James G.; Applicant as Surety? Why the CRM Case Matters
BARNES, James G.; UCP 600 and Banco Santander
BARNES, James G.; and James E. BYRNE; Letters of Credit
BECK, John; Will Regulation Swamp Transaction Banking?
BYRNE, James E.; Counter Standby/Counter Guarantee Practice: The Problems of Nomenclature
BYRNE, James E.; International Standby Practices (ISP98) (ICC Publication No. 590: Versatile Rules for Modern Practice
COLLYER, Gary; Overview of the Draft Opinions Discussed at the October 2011 ICC Banking Commission
COLLYER, Gary; Overview of the Opinions Discussed at the March 2011 ICC Banking Commission (Part 1)
COLLYER, Gary; Overview of the Opinions Discussed at the March 2011 ICC Banking Commission (Part 2)
DOLAN, John F.; Concerns Regarding the Ontario Court's Judgment in the Nareerux Case
JIN Saibo; Review on the Cases of Letter of Credit in China, 2008 to 2010
JIN Saibo; Risk Control in Chinese Domestic Letter of Credit Settlement
JIN Saibo; Trade Financing Laws and Practices of China
JOHNS, Roger J. and Mark S. BLODGETT; Fairness at the Expense of Commercial Certainty: The International Emergence of Unconscionability & Illegality as Exceptions to the Independence Principle of Letters of Credit & Bank Guarantees
KAWAKAMI, Paul and Luen LAM; Landlords Beware: Bank Leases and Letters of Credit are in Jeopardy
KELLY-LOUW, Michelle; The Law Applicable to Demand Guarantees and Standby Letters of Credit
KUPPUSWAMY, Sethupathy; What You Need to Know about Utilization Risk
KUZNETSOV, Andrey V.; Sacrificing the Utility of Counter-Guarantees and Counter Standby Letters of Credit for International Infrastructure Projects by Neglecting the Virtues of Strict Adherence to the Independence Principle
LLOYD, Arthur G.; Mr. Merdle Redux: “Ponzis” Past, Present, and Future
MANNING, Jacob A.; Beneficiaries Preparing for Force Majeure: What Rules Govern Your LCs?
MAULELLA, Vincent; Schuman and Jaffe: How the Acts of Principals Blur the Independence Principle
STEIN, Joshua; Legal Issues, Practices and Practicalities for Letters of Credit (Particularly in Commercial Leases), and a Sample Letter of Credit with Commentary
WANG, Xuehui (Ofei); Date Issues in Insurance Documents

Statutes and Government Actions

Department of the Treasury (US Treasury); Libyan Sanctions Regulations; General License No. 11
Executive Order (US); Blocking Property and Prohibiting Certain Transactions Related to Libya
Institute of International Banking Law & Practice (IIBLP) Letter to U.S. Office of the Comptroller of the Currency (OCC); Comments on the Interim Rule 12 CFR 160.120

Practices and ADR

International Chamber of Commerce; Global Risks – Trade Finance 2011
International Chamber of Commerce; ICC Global Survey: Rethinking Trade and Finance 2011

Case Summaries

2002 Irrevocable Trust for Richard C. Hvizdak v. Shenzhen Development Bank, Co. Ltd.
ABN AMRO Bank N.V. v. Sunred B.V.
Advisors Financial Center, LLC v. Gary Goldberg Planning Services
AES-3C Maritza East 1 EOOD v. Crédit Agricole Corporate and Investment Bank
Agarwal v. Union of India
Al Rajhi Banking & Investment Corp. (Malaysia) Bhd v. Hapsah Food Industries Sdn Bhd & Anor
American Express Travel Related Services Co. v. Sevier County Bank
Archer Daniels Midland Co. v. JP Morgan Chase Bank, N.A.
Arrowood Indemnity Co. v. Assurecare Corp.
Atria Builders, LLC v. Morgan 32 Holdings, LLC
Attila Dogan Construction & Installation Co. v. AMEC Americas Ltd.
Aurohill Global Commodities Ltd. v. M.S.T.C. Ltd.
Austrian Decision 6 Ob 146/10d
Austrian Decision 7 Ob 232/09g
Axiom Insurance Managers Agency, LLC v. Indemnity Insurance Corp.
Bank Mellat v. HM Treasury
Bank of Mongolia v. Taskin
British Arab Commercial Bank PLC v. Bank of Communications
Bruno Appliance & Furniture, Inc. v. Cassels Brock & Blackwell, LLP
Campbell v. Hanover Ins. Co.
Campbell v. Oviedo
Canning International Ltd. v. Freenet Asia Ltd.
Caroline Apartments v. M&I Bank
Centennial Energy Holdings, Inc. v. Colorado Energy Management, LLC
Citibank, N.A. v. Silverman
City of Lancaster v. Flagstar Bank
City of Maple Grove v. Marketline Construction Capital, LLC
City of Wildwood v. FDIC
Cityview at Riverwalk, LLC v. Knoxville Community Development Corporation
Collateral Plus, LLC v. MAX Well Medical, Inc.
Commercial Money Center, Inc. v. Safeco Insurance Co. of America (In re Commercial Money Center, Inc.)
Cotton v. Keffer
CVD Equipment Corp. v. Taiwan Glass Industrial Corp.
Daruka v. Union of India
Dependable Component Supply, Inc. v. Carrefour Informatique Tremblant, Inc.
Dormell Properties 282 CC v Renasa Insurance Co Ltd.
Effingham County Board of Commissioners v. Park West Effingham, L.P.
Ellerman & Bucknall Steamship Co. Ltd. v. Sha Misrimal Bherajee
Estate of Schwarz ex rel. Schwarz v. Philip Morris, Inc.
Ex parte Ocean Reef Developers II, LLC; (In re: Michael Maddox v. Ocean Reef Developers II, LLC)
Fifth Third Bank v. Cleveland Motor Cars Inc.
Flo-Pro Inc. v. 10 Iron Horse Drive, LLC and First American Realty, Inc.
Fortis Bank (Nederland) N.V. v. Abu Dhabi Islamic Bank
Fortis Bank v. Indian Overseas Bank
Governor and Co. of the Bank of Ireland v. State Bank of India
Greenstar, LLC v. Heller
Hahn Automotive Warehouse, Inc. v. American Zurich Insurance Co.
Himadri Chemicals Industries Ltd. v. Coal Tar Refining Co.
Hindustan Steelworks Construction Ltd. v. Tarapore & Co. & Anr
Hira Lall & Sons & Ors. v. Lakhsmi Commercial Bank
Honeywell International v. Northshore Power Systems, LLC
Hui Chi Ming v. Koon Wing Yee & Ors
Huntley Construction Co. v. Wells Fargo Bank (In re Versant Properties)
I.T.C. Ltd. v. The Debts Recovery Appellate Tribunal
In re JTS Corp.
In re KP Fashion Co.
Indusind Bank Ltd. v. Union of India
James A. Williams Trust v. United States
Jofa Hilmi bin Jaafar and Anor v. Abdul Hakam bin Abdul Hadi and Anor
Kolmar Americas, Inc. v. Koch Supply & Trading, LP
Kuehne + Nagel Ltd. v. Agrimax, Ltd.
Labroy Offshore Ltd. v. Master Marine AS and others
Lapiner v. Camtek, Ltd.
Lehman Brothers Commodity Services Inc v. Crédit Agricole Corporate and Investment Bank
Lincoln National Life Insurance Co. v. TCF National Bank
Louis Berger Group, Inc. v. JP Morgan Chase Bank
Louis Berger Group, Inc. v. State Bank of India
McEwen v. Accelerated Commercial Consultants
Meritz Fire & Marine Insurance Co. Ltd. v. Jan De Nul N.V. & ANR
Michigan Commerce Bank v. TDY Industries
Milwaukee Mile Holdings, LLC v. Wisconsin State Fair Park
Minister of Transport and Public Works, Western Cape v. Zanbuild Construction (Pty) Ltd.
MVP Lanes, LLC v. RI Hispanic Bancgroup, LLC
MW Mapleleaf Partners, LLC v. Fifth Third Bank, Inc.
Nam Fatt Corporation Berhad v. Petrodar Operating Co Ltd
North Shore Ventures Ltd v. Anstead Holdings, Inc.
Olsen v. Bank of Nova Scotia
One Step Up, Ltd. v. Webster Business Credit Corp.
Parag Milk Foods Pvt. Ltd. v. Union of India and Ors.
Pedoto v. Meridian Financial Services, Inc.
Rainy Sky S.A. v. Kookmin Bank
Reflection Manufacturing, LLC v. I.S.A. Corp.
Richards (c.o.b. Chalais Travel & Tours) v. Air India Ltd.
B.C. Rogers Poultry, Inc. v. CIT Group/Equipment Financing, Inc. (In re B.C. Rogers Poultry, Inc.)
State Bank of India v. Emmsons International Ltd.
Securities & Exchange Commission v. Huff
Shah Food Industries, Inc. v. Alario
Simon Carves Ltd. v. Ensus UK Ltd.
Societe Generale SA v. Saad Trading
Standard Chartered Bank v. Li Wai Ping
State ex rel. American Subcontractors Ass'n, Inc. v. Ohio State University
Structural Systems Pty. Ltd. v. Hanson Yuncken Pty. Ltd.
Svenska Handelsbanken v. Indian Charge Chrome Ltd. v. Royal Bank of Scotland PLC
Syarikat Pembenaan Yeoh Tion Lay Sdn Bhd v. Sunway City Berhad
Syarikat See Wide Letrik Sdn Bhd v. Brunsfield Communications Sdn Bhd
Tarapore & Co. v. M/S. V/O Tractors Export, Moscow
Texas First Bank v. Amerisure Mutual Insurance Co. (In re Lott Surplus Materials)
Tre Maiali Fashion Group Inc. v. Canada (Border Services Agency)
U.P. Co-operative Federation Ltd. v. Singh Consultants & Engineers (P) Ltd.
U.P. State Sugar Corporation v. M/S. Sumar International Ltd.
UBS AG v. State Bank of Patiala
United Central Bank v. Kanan Fashions, Inc.
United Commercial Bank v. Bank of India
U.S. Bank Nat'l Ass'n v. Turquoise Props. Gulf, Inc.
United States v. Kiger
Van Weelden v. Hillcrest Bank
Veolia Water North America Operating Services LLC v. City of Atlanta
Village of Sugar Grove v. FDIC
Vinitec Electronics Private Ltd. v. HCL Infosystems Ltd.
Walls v. Miracorp, Inc.
Weiss v. Benetton U.S.A. Corp.
Westpac New Zealand Ltd. v. MAP & Assocs. Ltd.
WHRJ, LLC v. City of Taylor
Williams Service Groups, LLC v. National Union Fire Insurance Company
Wing Fai Constr. Co. Ltd. v. Yip Kwong Robert & Ors

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