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Goods or Services Payment Terms

Mayer Brown

Irrevocable Payment Undertakings and Buyer-Led Supply Chain Finance; Mass Confusion Abounds

Mayer Brown on

Many supply chain finance programs are structured on what is called a “buyer-led” or “buyer-focused” basis. In certain of these types of programs, although the bank or other financier providing the program (the “Finance...more

Dechert LLP

OFAC Imposes First Penalty for Russia Sectoral Sanctions Violations

Dechert LLP on

On April 25, 2019, Haverly Systems, Inc. (Haverly) agreed to pay a penalty of $75,375 to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to settle charges related to two violations of sanctions...more

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