GTR eNews: January 21st
Global Trade Review (GTR)
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Top stories
Singapore court rules credit insurer QBE not liable for US$9mn claim
Singapore’s Supreme Court has sided with QBE in a case brought by trade finance platform Marketlend, ruling the insurer is not liable to pay US$9mn due to the “fictitious” nature of the transactions.
Prospects fade for deal to end OECD fossil fuel support
OECD Arrangement members failed to reach a deal to restrict export credit support for oil and gas in their latest round of negotiations in December.
US asset manager revives suit against Kimura fund
US asset manager Yieldpoint claims it is still owed around US$5mn by a commodity trade finance fund founded by Kimura Capital, despite a court dismissing its original claim last year.
BNP Paribas alleges forged invoices in claim against Gulf Petrochem owner
BNP Paribas has filed lawsuits against an owner of the collapsed oil trader Gulf Petrochem, seeking repayment of around ￡108mn in loans and interest.
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Move of the week
Ganne takes helm at WTO’s digital trade and frontier technologies section
The World Trade Organization has appointed Emmanuelle Ganne as chief of its newly established digital trade and frontier technologies section.
Feature of the week
Credit insurance market braces for Basel 3.1
In late October, GTR gathered a group of senior figures from the export and agency finance industry to discuss key trends in the field, including the impact of the OECD arrangement.
On the move
Other stories
Contributed articles
Insuring development finance: How DFIs are expanding capacity and navigating risk in emerging markets
Sean Austin, director at BPL explains how CPRI has become a valuable tool for DFIs navigating today’s complex geopolitical landscape.
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