UCP 600: Uniform Customs and Practice for Documentary Credits - The primary international rules governing the operation of Letters of Credit globally
ISBP 745: International Standard Banking Practice - Detailed guidelines for examining documents under UCP 600
Bills of Exchange Act 1882: UK legislation governing bills of exchange, promissory notes, and related instruments including certain aspects of Letters of Credit
Sale of Goods Act 1979: UK legislation governing the sale of goods, relevant to documentary sales aspects of Letters of Credit
Contracts (Rights of Third Parties) Act 1999: UK legislation determining third party rights in contractual arrangements, relevant for Letters of Credit relationships
Financial Services and Markets Act 2000: Primary UK legislation regulating financial services and markets, including banking activities related to Letters of Credit
Financial Services Act 2012: UK legislation amending financial services regulation and including provisions affecting banking instruments
Money Laundering Regulations 2017: UK regulations for preventing money laundering, requiring due diligence in financial transactions including Letters of Credit
UN Convention on Independent Guarantees and Stand-by Letters of Credit: International convention providing uniform rules for independent guarantees and standby letters of credit
Export Control Order 2008: UK legislation controlling export of goods, relevant for international trade finance transactions
UK Sanctions and Anti-Money Laundering Act 2018: UK legislation enabling sanctions implementation and anti-money laundering measures in international transactions
Power Curber International Ltd v National Bank of Kuwait: Key English case law establishing principles regarding jurisdiction and enforcement of Letters of Credit
United City Merchants v Royal Bank of Canada: Landmark English case establishing principles of fraud exception in Letters of Credit
