The Court of Appeal found a confirming bank to be in breach of contract by declining to make payment under a confirmation to a letter of credit on the basis that a sanctions prohibition.
Singapore Court Of Appeal Decision Highlights The Importance Of Accurate Internal Sanctions Assessments In Contractual Risk Management. Legal News and Analysis - Singapore - Dispute Resolution, Insolvency & Restructuring -
Analysis of cases involving sanctioned lessors in finance leases | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
In recent years, heightening international tensions have led to increased sanctions risks. Recently, two English law cases involving sanctioned Russian leasing companies, Havila.