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LC

UK Supreme Court: banks can refuse LC payments due...

The UK Supreme Court has ruled that banks can refuse to make payments under letters of credit where sanctions restrictions apply, in a landmark decision that reshapes risk in trade finance. The ruling follows a dispute involving aircraft lessors and...

#LC#Letters of Credit#sanctions

Absa CIB becomes first Contour’s client in Africa

Contour, the leading digital trade finance network, announced that leading Pan-African bank, Absa Corporate and Investment Bank (CIB), is the…

#AfCFTA#Carl Wegner#Contour

Contour adds Japan’s MUFG to its network

Contour, the leading digital trade finance network, announced today that the Singapore office of MUFG Bank (MUFG), Japan’s premier bank…

#Carl Wegner#Contour#digital

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