London, UK - Sullivan & Worcester (Sullivan) is advising Arqit Limited (Arqit), a leader in quantum-safe encryption, in relation to its documentary framework to support the creation, issue and storage of electronic promissory...more
11/14/2023
/ Compliance ,
Digital Assets ,
Electronic Trading ,
Electronically Posted Documents ,
Financial Regulatory Reform ,
International Trade ,
Press Releases ,
Promissory Notes ,
Regulatory Requirements ,
Technology ,
UK
Electronic Trade Documents Act -
The passing of the Electronic Trade Documents Act 2023 (the “Act”) often touted as “game-changing” and “revolutionary” is the UK’s alternative to adopting the UNCITRAL Model Law on Electronic...more
7/14/2023
/ Commodities ,
Documentation ,
Electronic Filing ,
Electronic Transaction ,
Financial Transactions ,
Free Trade Agreements ,
International Trade ,
Legislative Agendas ,
New Legislation ,
Proposed Legislation ,
UK ,
UNCITRAL
London, UK - The Electronic Trade Documents Act (ETDA) will shortly receive Royal Assent and will come into effect two months later.
The culmination of years of work by many people and industry bodies, once it takes...more
7/13/2023
/ Commodities ,
Documentation ,
Electronic Filing ,
Electronic Transaction ,
Financial Institutions ,
Financial Services Industry ,
Financial Transactions ,
FinTech ,
International Trade ,
Legislative Agendas ,
New Legislation ,
Proposed Legislation ,
Trade Agreements ,
UK
The end of March has welcomed Spring, and this year it marks a new era for the financial markets, particularly for loans and financial products which would usually use Sterling LIBOR as the benchmark for calculation of...more
Sullivan Monthly Breakfast Seminar, 23 January 2020 -
At Sullivan's January 2020 London Breakfast Briefing, Sam Fowler-Holmes provided an overview of key challenges facing the trade finance sector in 2020. From sanctions...more
On 10 September 2019, the International Chamber of Commerce (ICC) issued a much anticipated set of revisions to the Incoterms – the international commercial terms published to clarify the obligations of buyers and sellers in...more
10/3/2019
/ Buyers ,
Chamber of Commerce ,
Contract Claims ,
Contract Terms ,
Exports ,
Financial Institutions ,
Imports ,
International Freight ,
Letter of Credit ,
Sellers ,
Shipping ,
Shipping Cargo ,
Supply Chain ,
Transportation Industry
ITFA has published "A guide to accounting and legal issues under IFRS 9 for the trade receivables and supply chain finance industry."
These are ITFA's first set of guidelines on the standards aimed solely at the trade and...more
International financial services association BAFT (the Bankers Association for Finance & Trade), together with ITFA (the International Trade and Forfaiting Association) have published an updated New York law Master...more
The topic of legal and regulatory issues affecting the trade finance market in Africa is extremely wide-ranging. The following therefore is intended merely to provide an overview of certain issues affecting the African...more