International Trade Series: Fictitious Trades & Letters of Credit

In this episode of our International Trade Series, we discuss the how letters of credit interact with fictitious trades and circular trades.

We explain the remarkable case of Winson Oil, and why the bank was applying to refuse payment under a letter of credit, while many subsequent cases involving Glencore and the more recent case of China Aviation Oil, failed.

A key report for stakeholders navigating risk and how to structure design choices around verification,

In a landmark decision for auditor liability, the Court of Appeal has held that auditors

Blackstone & Gold is proud to announce that the firm has been recognised with two

Force majeure notices are moving through commodity trading chains at speed. Tanker hesitancy, war-risk insurance