GTR eNews: June 14th

GTR eNews: June 14th

GTR's weekly eNews brings you the latest from the global trade and trade finance industry, brought to you by GTR's award-winning editorial team. Subscribe to The GTR Bulletin LinkedIn Newsletter or receive updates directly to your inbox by subscribing here.


Top Stories

China Aviation Oil fends off US$19mn suit from Swiss bank over ZenRock deal

A Singapore judge has rejected Banque de Commerce et de Placements’ (BCP) bid to claw back US$19mn paid out to jet fuel buyer China Aviation Oil, after a circular trading deal went awry during the collapse of commodity trader ZenRock.

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UniCredit wins appeal in Russia LC sanctions case

A UK appeals court has overturned a ruling against UniCredit in a closely watched sanctions case, finding that the bank was right to refuse payments under letters of credit (LCs) issued before Russia’s invasion of Ukraine.

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French lawmakers approve digital trade documents law

The French legislature has passed a law allowing digital versions of widely used trade documents, such as bills of lading, marking a milestone in global efforts to make trade paperless.

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On the move


Contributed article

Integrating ESG into supply chain finance: A journey through an innovative project

Arnaud Levasseur, team leader of global trade solutions at Mauritius Commercial Bank, explores the integration of ESG into supply chain finance through an innovative partnership with CIEL Textile.

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