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Examining the conflicts between drafts and letters of credit
Transferability in letters of credit (LCs) is one of the most significant features increasing the speed and security of payments. Almost all related rules have recognised “transfer” and “assignment of proceeds” as the methods for conferring LCs...
Online Published Date:
25 November 2020
Appeared in issue:
23.08 - 25 November 2020
Wirecard… and the cracks begin to show
On 27 June 2020, Wirecard filed for insolvency with its share price plummeting 90 per cent in a massive accounting scandal. After the ex-chief executive was arrested for alleged market manipulation and false accounting, this news came to the public...
Online Published Date:
25 November 2020
Appeared in issue:
23.08 - 25 November 2020
An analysis of the Global Risks Report 2020
The global risk environment has been changing fast; but unfortunately, the world community has not kept up with that pace in order to be able to cope with those unforeseeable risks, although it is maintained that some of these risks are foreseeable...
Online Published Date:
25 November 2020
Appeared in issue:
23.08 - 25 November 2020