GTR eNews: November 25th
Global Trade Review (GTR)
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Top stories
Hin Leong founder jailed over fraud scandal that shocked Singapore
The founder of commodity trader Hin Leong has been sentenced to more than 17 years in prison for his role as “mastermind” of a trade finance fraud scheme that sent shockwaves through the sector.
UK Supreme Court weighs in with "landmark" misdelivery ruling
Banks wanting to sue ship owners for discharging cargoes without original bills of lading may only have a year after the event to make a claim, following a “landmark” ruling from the UK’s highest court.
Enigio solution recognised as reliable system in “milestone” for digital trade
Enigio’s trace: original solution has become the first digital trade document system to be recognised as “reliable” under an initiative spearheaded by two international organisations.
African banks hopeful of down payment return
The OECD rules governing export credits should be changed to permanently enable 95% cover for high-risk markets, a report has suggested, but lenders active in Africa worry for their business.
Feature of the week
Recommended by LinkedIn
Down but bouncing back: Supply chain finance roundtable
How did the rapid rise in the cost of debt impact supply chain finance? In July, GTR assembled a group of senior industry professionals to pose this question.
Podcast of the week
GTR News Brief: Trump promise of “obnoxious” tariffs signals global trade shake-up
Host Felix Thompson is joined by GTR senior reporter Jacob Atkins to discuss the president-elect's promise of "obnoxious" tariffs and how these measures are set to upend global trade.
Other stories
Contributed articles
Road to the Trade and Supply Chain Finance Gap Summit – TF COP1
Duarte Pedreira, global head of trade finance at Crown Agents Bank, discusses the importance of accessing hard currency to soften the effects of the trade finance gap.
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