07 May 2020

Securing payment transactions in international trade

Current ICC recommendations regarding the impact of the COVID-19 pandemic on letters of credit

The impact of the COVID-19 pandemic also jeopardises international payment transactions. For example, the current social distancing rules and difficulties in postal delivery make the traditional processing of paper letters of credit more difficult. The current GSK Update analyses the current recommendations of the ICC with regard to documentary letters of credit and provides practical recommendations for action.

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Dr. Antonius Jonetzki

Local Partner*

+49 40 369703-62

antonius.jonetzki@gsk.de

Dr. Justus Jansen

Partner*

+49 40 369703-62

justus.jansen@gsk.de

* Partner: a partner within the meaning of the German Partnership Companies Act.
   Local Partner: not a partner within the meaning of the German Partnership Companies Act.
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