FRAUDULENT FUND TRANSFER VIA EMAIL HACKING AND BENEFICIARY ACCOUNT CHANGE Two nights ago, just before midnight, a friend of mine—an in-house lawyer at a Korean bank (let’s call it Bank K)—sent me an email asking if I could recommend a Vietnamese lawyer to assist one of his clients. The client had fallen victim to a scam involving a fund transfer to a beneficiary account at a Vietnamese bank (let’s call … Read More
Presentation Period vs. Expiry Date: When the Presentation Period Appears to Extend Beyond the LC Expiry Date
Presentation Period vs. Expiry Date: When the Presentation Period Appears to Extend Beyond the LC Expiry Date