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May
Leading infrastructure and natural resources finance lawyer moves to law firm Vinson & Elkins.
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Watson, Farley & Williams has strengthened its international practice in Asia with the addition of a shipping, infrastructure project and mining specialist from Norton Rose.
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The International Chamber of Commerce (ICC) has appointed a new chairperson for the ICC Task Force on Guarantees.
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A Skadden Arps lawyer that represented senior lenders on 2011’s largest project financing has been promoted to partner.
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The development banks and export credit agencies of key emerging economies have recently signed a framework agreement on local currency swaps, raising the question of whether state intervention will precipitate more local-currency deals funded by private institutions. John Geddie reports.
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April
Law firm Watson Farley & Williams has made several partner promotions.
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The Berne Union has named a new secretary general at the conclusion of its spring meeting.
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According to data from Swift, after Hong Kong, the largest contribution to global RMB payments now comes from Europe.
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Swift teams with FircoSoft to offer banks a centralised alert service to ease regulatory compliance.
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Adapted from a panel discussion at the 14th Annual Structured Trade & Export Finance in the Americas Conference – Miami, March 1-2, 2012.
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John Kvasnosky, Boeing Capital Corporation
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ICC United Kingdom announces a change of director.
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Access to finance is an increasingly important issue for corporates, especially for those in countries which have experienced sovereign downgrades. For exporters in Mediterranean Europe, such as Spain for example, economic reform is making slow progress, but perhaps foreign export credit agencies could provide some respite. John Geddie reports.
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By Domicio dos Santos Neto, Ana Paula Gambogi and Gabriel Leutewiler, at Santos Neto Advogados.
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The global financial crisis and its repercussions continue to be felt in most parts of the world, the US continues to wrestle with deficit and unemployment issues, and the eurozone battles sovereign crises that threaten the fabric of partnership, and the future of the euro. Alexander Malaket explores the impact of the eurozone crisis on trade finance in the Americas.
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US Ex-Im has approved a loan guarantee for an engine maintenance contract with Brazil’s Gol supporting highly-skilled Delta jobs in Atlanta.
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March
UK signs free trade agreement with South Korea.
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A new set of trade finance definitions shows for the first-time how trade banks perceive the risk profile for traditional trade finance products.
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ABN AMRO encourages US banks to expand into international shipping finance as European providers reduce lending commitments.
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Brazil's Central Bank imposes trade finance restrictions from foreign lenders as well as a host of new tax measures which will impact offshore short-term export and trade loans to Brazilian firms.
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SWIFT instructed to disconnect sanctioned Iranian banks following EU Council decision.
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Highlights from the March print edition of Trade Finance Magazine including Deals of the Year 2011 for EMEA.
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Dickon Harris asks a panel of senior legal partners what challenges the structured commodity financing market faces in 2012.
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The People’s Bank of China (PBOC) widens renminbi trade settlement scheme to include all mainland Chinese exporters.
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February
Watson, Farley & Williams has hired a new associate in its project, commodities and export finance group, based in London.
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Australia’s Productivity Commission (PC) has called for an end to EFIC’s support of onshore natural resource projects, and the financing of large corporates.
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The latest ICC/Ifo World Economic Survey shows the global economic climate beginning to improve after two quarters of successive decline.
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Financial industry agrees offshore RMB guidelines to ensure straight-through processing of offshore Chinese currency.
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ICC Banking Commission appoints Deutsche Bank's Schmand as vice chair responsible for supply chain finance.
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Christian de Lima Ramos and Ben-Hur Cabrera of Sao Paulo-based law firm Ramos, Zuanon e Manassero Advogados examine the growing use of fiduciary lien on credit transactions in Brazil to create security over collateral.
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Kazakhstan’s BTA Bank announces formation of creditors’ steering committee and meeting in London tomorrow.
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Law firm Shearman & Sterling has hired an EMEA project finance specialist from Ashurst.
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Speaking at Trade Finance Magazine’s Supply Chain Finance Europe conference in Frankfurt, Klaus-Peter Müller warns of the impact the EBA capital buffer will have on trade and supply chain finance.
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Hogan Lovells announced is expanding its finance practice in New York with the addition of partners Peter Humphreys and Evan Koster.
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January
Wells Fargo loan officer Gerard Uribe is jailed for his part in the largest case of fraud on export credit agency US Ex-Im.
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Watson Farley Williams’ partner, Celia Gardiner, provides a simple guide to borrowing base facilities, an increasingly popular structured commodity financing instrument for both traders and commodity producers.
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Barclays’ global trade finance head states Basel III regulations and CRD IV will limit the availability of trade finance for European SMEs.
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International financial services association BAFT-IFSA has announced its newly elected board for 2012-13 at the group’s European annual meeting.
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A joint survey by the ICC and the IMF says the lack of availability of trade finance, especially from deleveraging banks, will lead to depressed trade volumes for 2012.
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US District Judge rejects preliminary injunction to stop a US Ex-Im-supported loan to Air India.
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Reed Smith’s energy, trade and commodities team reviews whether the recent surge in financial sanctions and embargoes, and the resulting "sanctions clauses" in letters of credit (LCs) is challenging the fundamental nature of an LC.
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Dickon Harris celebrates the 20th birthday of the ICC’s Uniform Rules for Demand Guarantees (URDG), regulations which govern demand guarantees and counter-guarantees in international trade.
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Law firm SNR Denton has made a strategic hire for its banking and finance team in London.
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Law firm Norton Rose Group has merged with Canada’s Macleod Dixon allowing the firm to expand into Latin America and Central Asia for the first time.
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Baker Botts has hired a leading project, trade and Islamic finance Lawyer to join its Dubai office.
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The annual Trade Finance Market Outlook including our contact directory and events calendar.