GTR eNews: December 15th
Global Trade Review (GTR)
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Top Stories
Court backs Westford in dispute over Phoenix trades
Archipelago Insurance Limited has been ordered to pay US$4.5mn to commodities trader Westford Limited in a sprawling case involving failed fraud allegations and an external imposter.
UK to toughen sanctions regime with new enforcement unit
The UK’s National Crime Agency has told banks to be on the lookout for attempts to evade export controls designed to starve the Russian military of key goods and technology.
Sale hope for bankrupt coffee trader Mercon
Potential buyers are eyeing stricken coffee trader Mercon, which filed for bankruptcy protection last week after Rabobank called in a US$325mn credit line.
Friendshoring takes hold as geopolitical tensions weigh on trade flows
UN research has found a “noticeable rise” in trade between countries that are politically aligned and a corresponding drop in trade partner diversity, as geopolitics reshape supply chains.
Feature of the week
Testing the limits: Is the insurance market ready for Ukraine’s Marshall Plan?
Kyiv is calling on foreign investors to rally around a modern-day Marshall Plan to tackle Ukraine’s reconstruction bill, but the country may struggle to convince backers.
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Multimedia
GTR Nordics 2023 Stockholm Conference Highlights
Celebrating 15 exciting years in the region, GTR Nordics returned to Stockholm, Sweden to explore the latest challenges faced by the region’s trading entities and their financing partners.
GTR US 2023 New York Conference Highlights
GTR US returned to Manhattan, New York on November 30 to provide the latest insights into emerging trends and opportunities at the intersection of trade, supply chain, working capital financing and risk management.
On the move
Other stories
Contributed articles
CPRI shows its mettle in a challenging market
Despite global uncertainties, credit and political risk insurance remains a vital tool, offering resilience, adapting to ESG trends and supporting banks and multilateral development institutions, writes Harry McIndoe, director at BPL Global.
Taking the pulse of Asia’s trade credit insurance market
GTR and Chubb convened a group of industry experts in Singapore to discuss the geopolitical issues and economic uncertainty impacting trade, and the role of the trade credit insurance market in supporting flows in the face of evolving risks.
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