When market volatility leads to contractual defaults, effective claim management is key. This article sets out a step-by-step playbook to navigate contractual breaches and secure favourable outcomes.
In collaboration with leading experts in the field, we aim to provide you with invaluable insights, practical advice and strategic guidance to navigate the complexities of global trade markets.
In this article, we discuss the concept of “force majeure” and best practice in making or defending a claim of force majeure in cases of unforeseen or catastrophic circumstances.
This dispute is a further addition to a series of recent cases in which lenders have attempted to resist making payment, or sought recovery of payments made, under letters of credit, on the purported basis that the underlying contracts are fraudulent in nature.
This article discusses the Singapore Court of Appeal’s recent decision to dismiss a claim against two banks for non-payment under letters of credit. This judgment provides commercial parties with further clarity on the fraud exception, in particular what will constitute a false representation under presenting documents.
This article examines the new Model Law on Warehouse Receipts developed by UNIDROIT, summarising its key objectives and commenting on its benefit for all commodity market participants.
In this article, the Singapore Dispute Resolution team discusses recent case law developments in banks’ obligation to make payment under letters of credit, where such obligation is tainted by false and/or fraudulent representations made by the beneficiary.
This article discusses the recent Canadian judgment of South West Terminal Ltd v Achter Land and Cattle Ltd, which should be noted with caution by trading companies and other organisations whose personnel regularly discuss contract terms via informal communication methods, such as WhatsApp, Telegram or WeChat.
