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Disruption in the Strait of Hormuz is beginning to trigger force majeure claims across commodity trades, adding a legal dimension to ongoing supply chain challenges. Companies affected by delays and rerouting are increasingly invoking contractual protections, raising questions over liability...
#commodity trade#force majeure#Hormuz
The UK Supreme Court has ruled that banks can refuse to make payments under letters of credit where sanctions restrictions…
#LC#Letters of Credit#sanctions
Jefferies Financial Group has pushed back against claims made by Western Alliance Bank regarding loans linked to receivables financing tied…
#ABL#asset based lending#First Brands
Bank Audi SAL, Lebanon’s second-largest lender, is embroiled in a legal battle with the International Finance Corporation (IFC), the private…
#Bank Audi#IFC