Australian trade finance platform Marketlend has reached a settlement with Bond & Credit Company (BCC) in a landmark case over cover for commodity trades, GTR can reveal. Court records show Marketlend has discontinued proceedings against BCC and its parent company Tokio Marine, and sources familiar with the case have confirmed an agreement was reached in ...| Global Trade Review (GTR)
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 covered under the disputed policy. Sydney-headquartered Marketlend and fellow claimant Australian Executor Trustees Limited (AETL) had been seeking to force payment under ...| Global Trade Review (GTR)