Article Archive

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Asia’s first specialised mediation framework for aviation

In this update, we discuss a new memorandum of understanding for a first-of-its-kind specialised mediation framework for the aviation industry in Asia, signed by the Hague Court of Arbitration for Aviation (“CAA”) and Singapore International Mediation Centre (“SIMC”).

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How reliable is a Payment LOI?

Three decisions have put the spotlight on what reliance can be placed on a Payment LOI by a buyer or issuing bank under a LC. Marketable title was title that may at all times and under all circumstances be forced on an unwilling buyer in contrast to a title which would expose the buyer to litigation or hazard.

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