Posts Tagged ‘JP Morgan Chase’

Kuvera Resources v J.P. Morgan Chase: Certainty of payment vs risks of breaching sanctions under Letters of Credit

Kuvera Resources v J.P. Morgan Chase: Certainty of payment vs risks of breaching sanctions under Letters of Credit

The overreaching arc of sanctions regulations is threatening the certainty of payments guaranteed by the smooth functioning of letters of credit (LC) in international trade. This tension recently played out in the Singapore courts in a judgment handed down recently (Kuvera Resources Pte Ltd v JPMorgan Chase Bank, N.A. [2023] SGCA 28). 

Baldev BhinderArticles, Featured, Issue 19, Legal, Legal Trade Finance Hub, Letters of Credit, Risk, Singapore
Sanctions in letters of credit Kuvera Resources Pte Ltd and JP Morgan Chase NA

Sanctions in letters of credit: Kuvera Resources Pte Ltd and JP Morgan Chase NA

This article was originally published on December 19 2022 by Watson Farley & Williams LLP. TFG would like to thank Kimarie Cheang and Chengxi Tan for their contribution.

Kimarie CheangArticles, Coal, Featured, Freight Forwarding, Letters of Credit, Payments, Singapore, United States
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