Our articles in this edition span the globe, from England to New York and from the EU to Australia. We begin by covering two recent English law judgments, one relating to payment by letter of credit and the other to the meaning of “typicals” in the BP GTCs. We provide updates on the simplification of the EU CBAM and the comprehensive overhaul of the Australian East Coast gas market. We offer guidance to traders on the impact of the EU ban on third country refined product from Russian origin crude and finish with an article on true sales in commodity trade finance under both English and New York law.
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Letters of credit: A mechanism for payment, not immunity from liability to pay the price
William Gidman
Miranda Stock
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Commercial Court holds that “typicals” are not guaranteed specifications in a contract for the sale of oil governed by the BP GTCs
Anna Fomina
Sarah Hunt
Kathryn Martin
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Simplified EU CBAM comes into force, alongside new implementing and delegated acts
Adam Topping
Violet O’Gorman
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A comprehensive overhaul of the Australian East Coast gas market is on the way
Graeme Gamble
Peter Sadler
Loren Harper
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The EU ban on third country refined product from Russian origin crude: Guidance for traders
Daniel Martin
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True sale or secured loan? Why the choice between New York and English Law matters in commodity trade finance
Jason Marett
Marni Isaacson
Latest insights
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From boardroom to business‑wide risk: Corporate criminal liability now covers all offences
Anne-Marie Ottaway
Barry Vitou
Cindy Laing
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BVI Court of Appeal: A director’s right to inspect company’s books and records
Scott Cruickshank
Catriona Hunter
Sanel Susak