Event schedule subject to change
8:30 – 9:00 Registration & Check-In
9:00 – 9:10 Welcome from Our Host:
Welcome Remarks: Michael YAU (Eversheds Sutherland)
9:10 – 9:30 Welcome & Introducing Yourselves
Welcome Remarks: Michael BYRNE (IIBLP)
9:30 – 10:15 2024 News & Trends in Global Trade & Treasury
- Trade Finance decline: de-risking is de-stroying TF
- ISP98 at 25 Years -- Taking stock for the next 25 years
- Letters of Indemnity: implications of LOIs use for LC practice
- Who reviews ESG performance? Regulators, Third-Parties, or Peer FIs?
- Commodity Financing & Code of Best Practices
- Bill of Lading Endorsement: What do laws, regulations, and practice rules say?
- Handling non-UCP transport documents used in oil trades
- Supply Chain Finance: Winners and Losers
- ISBP Heating Up
- UCP Revision: Do we need UCP700?
Moderator: SOH Chee Seng (ABS & IIBLP)
Panelists: Michael YAU (Eversheds); Vin O'BRIEN (ICC UAE); Michael BYRNE (IIBLP)
10:15 – 10:25 Coffee & Networking Break
10:25 – 10:55 Sanctions & Evasions: Complying with Sanctions Regimes
- US Executive Order 14114 and others highlighting FFIs and Secondary Sanctions
- How can FFIs stay compliant while maintaining operations
- The Latest in Russia Sanctions
- Sanctions Clauses: To use or not to use? The good, the bad, and the ugly.
- Export Control Regimes: What's Here and What to Watch for
Moderator: Sally PENG (FTI Consulting)
Panelists: Sasha KALB (Barclays); Doug WOLFSON (Lexis Nexis Risk)
10:55 – 11:05 Networking Break
11:05 – 11:50 What are the Courts Saying?
- North Asia Ltd. v. Jingdong e-Commerce (Trade) Hong Kong Corp.
-- The “agreement exception” and the independence principle - Kuvera Resources Pte Ltd. v. JPMorgan Chase Bank, N.A.
-- Singapore Appellate Court reverses. What's a confirming bank to do? - Celestial Aviation Services ltd v. UniCredit Bank AG, London Br
-- Confirming Bank’s Undertaking - Crédit Agricole v. PPT Energy Trading Co.
-- Singapore Appellate Court reverses. Banks happy, but for how long? - The Jeil Crystal -- Switched B/Ls and Issuing Bank's Operations
- Chian Teck Realty Pte Ltd. v. SDK Consortium
-- An alert to bankers on sending ‘notice' of non-extension - Macquarie Bank Ltd. v. Banque Cantonale Vaudoise [England]
-- Alleged fraud and failure to give notice of refusal under UCP600 standby - PT Asuransi Tugu Pratama Indonesia Tbk v. Citibank [Hong Kong]
-- Duty of Care
Moderator: Alan DAVIDSON (U. Queensland)
Panelists: SOH Chee Seng (ABS & IIBLP); Michael YAU (Eversheds); Li HUANG (Hylands)
11:50 – 12:00 Networking Break
12:00 – 12:30 Trade Fraud & Money Laundering
- Dual-use goods
- Price checking of goods and services in trade transactions
- How can Technology Help your AML systems?
- AML Regulatory Actions
Moderator: Hermione TAY (MUFG)
Panelists: Robert KOH (HSBC); Doug WOLFSON (Lexis Nexis Risk);
12:30 – 13:30 Networking Luncheon
13:30 – 14:15 All Things Treasury and Working Capital
- Basel and Capital Requirements
- ISP Model Forms
- ISP98 @ 25 years old
- Multilateral Development Banks and ISP98 Adoption
- ICC DOCDEX Decisions involving ISP98
Moderator: Vin O’BRIEN (ICC UAE)
Panelists: Sammy YU (JPMorgan); Bhupendra JAGDEV (HSBC)
14:15 – 14:30 Coffee & Networking Break
14:30 – 15:00 What's New from Swift: Trade Strategy Update
- API Standards for Guarantees & Standbys
- How can a non-bank issuer send an MT700?
Speaker: Tom ALAERTS (SWIFT)
15:00 – 15:15 Coffee & Networking Break
15:15 – 16:00 The Latest from the ICC
The Opinions ...
- TA935rev: Notation Evidencing Port of Discharge (or not)
- TA936: Trade Term in Invoice
- TA937: Airports of Departure/Destination
- TA938: A Tutorial on the Role of Advising Banks
- TA939: Drafts & Ongoing Need to Educate about Them
The Briefings ...
- No. 7 - Title of Invoice (Jul 2023)
- No. 8 - Handling of Certificates (Nov 2023)
- No. 9 - Presentation of Documents Directly to Issuing Bank (March 2024)
The Practices ...
- ISBP 821 - three options for the way forward
- UCP600 - time for a refresh?
Moderator: SOH Chee Seng (ABS and IIBLP)
Panelists: Chris BYRNES (IIBLP); Robert KOH (HSBC)
16:00 – 16:15 Coffee & Networking Break
16:15 – 16:50 Digitalisation of Trade Finance
- Cross-Border eTrade: What’s been the Hong Kong Experience?
- Prospects for MLETR Adoption in China: An Update
- The UK’s Electronic Trade Documents Act and other MLETR activities
- What constitutes a "Reliable System"?
- eUCP 2.1/eURC 1.1 effective July 2023 – Any Impact?
- Are Club-Based Solutions for LCs a viable alternative?
- Examining printed electronic documents
- FIT Alliance's eB/L goal: What's needed for the stars to align?
- Data Protection Policies: A hindrance to digitalization?
Moderator: Vin O’BRIEN (ICC UAE)
Panelists: Michael BYRNE (IIBLP); Bhupendra JAGDEV (HSBC); Alan DAVIDSON (U. Queensland)