Fraudulent Presentation of Shipping Documents under Letters of Credit – how to square the circle

The banks find themselves in a difficult predicament cutting across the law of trade finance, the law of carriage of goods by sea and the law of international sales. This predicament has received judicial attention in England and Wales, Canada and Singapore, developments which will be covered by two legal practitioners, one from the Bar and the other a solicitor, and also by a banking practitioner at the hard edge accepting documents despite, or rejecting them because of, fraud.

This HYBRID seminar will look at;
• The UCP 600 and compliant presentation
• The Principle of Autonomy of letters of credit from the underlying transaction
• Fraud in the documents
• Fraud in the transaction
• The banks in the middle – damned if you don’t and damned if you do?
• Bank Guarantees and fraud in the documents?

Chair:Sir Jeremy Cooke, retired High Court Judge and Arbitrator
Panellists:Charles Debattista, Barrister and Arbitrator, Joint Head of 36 Stone
Robert Parson - Partner, Squire Patton Boggs
John Turnbull - Executive Advisor, Bank ABC
Venue:Squire Patton Boggs (UK) LLP
60 London Wall
Time:6.00pm - 7.30pm
CPD Points:1.5 CPD points