We are pleased to announce that we have successfully helped our client, a multinational corporation (MNC) with a representative office in Bangladesh, receive their outstanding payment under a letter of credit (L/C) from a local bank. The payment was for a cross-border international shipment of goods consisting of industrial-grade sewing machines.
The MNC had been waiting for payment of their shipments for a long time, and our Team under our concerned Department was able to successfully secure the release of the funds and resolve the issues due to our expertise in cross-border trade finance and our ability to handle complex and challenging cases, to the client’s satisfaction.
#crossborder #international #trade #L/C #industry #MNC #Bangladesh
Picture Source: The World Bank
Related Posts
Massive factory Inspection will start this Month
Summary:
A total number of 46,100 factories will go under inspection carried by 138 teams at the lead of BIDA, starting... read more
The US’s government’s rising interest to google into the affairs of Google
Summary:
The share price graph of Alphabet is facing an unsteady movement due to a United States judge's ruling that Google’s... read more
Bangladesh under Japan’s subsidy scheme
Japan last week included Bangladesh in the subsidy scheme in the matters of relocating its firms from China. Under the... read more
Experts favour unity among RMG sector players
Experts in a webinar on Monday urged garments owners and entrepreneurs in the ready-made garment (RMG) sector to forge unity... read more
SEMINAR ON LDC GRADUATION OF BANGLADESH & INTERNATIONAL LAW
International law usually falls into two categories. Public International Law and Private International Law. Public International law is the set... read more
SEMINAR ON VAT, TAX & CUSTOMS DISPUTES
VAT, Tax and Customs related legal disputes are complex & often require specialized knowledge. There are different forums available for resolution... read more
Agreement on Fisheries Subsidies has been formally accepted by New Zealand
Summary:
New Zealand accepted the Agreement on Fisheries Subsidies on September 6th, becoming the first country from the Oceania region to... read more
HYBRID SEMINAR ON SHAREHOLDING, DIRECTORSHIP, CORPORATE COMPLIANCE & DISPUTES
Under the new Budget, shareholding percentage has been amended for amalgamation. Now shareholders holding at least 75% (previously 90%) of... read more
New U.N. regulation on vehicles’ cybersecurity systems
The automotive sector is undergoing a profound transformation with the digitalization of in-car systems that are necessary... read more
PM approved the proposal to start the negotiation to sign the (CEPA)
SUMMARY
According to the Indian Prime Minister, talks on a bilateral Comprehensive Economic Partnership Agreement between India and Bangladesh would shortly... read more