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ICC

G20: leverage trade finance to safeguard SMEs and power global recovery

5 mins read

The FINANCIAL — ICC’s Advisory Group on Trade Finance has called on G20 leaders to leverage trade finance to safeguard SMEs and power global recovery. The co-chairs of a high-level advisory group to the International Chamber of Commerce (ICC) have issued an urgent call to G20 leaders to take action to avert the risk of widespread insolvencies amongst small- and medium-sized enterprises (SMEs) globally, due to the Covid-19 pandemic. In an open letter, Victor K. Fung (Chairman, Fung Group) and Marcus Wallenberg (Chair, SEB) have urged G20 leaders to make coordinated interventions to increase the availability of trade-related finance –…

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G20: leverage trade finance to safeguard SMEs and power global recovery

5 mins read

The FINANCIAL — ICC’s Advisory Group on Trade Finance has called on G20 leaders to leverage trade finance to safeguard SMEs and power global recovery. The co-chairs of a high-level advisory group to the International Chamber of Commerce (ICC) have issued an urgent call to G20 leaders to take action to avert the risk of…

ICC supports The Lion’s Share Fund to protect threatened wildlife

6 mins read

The FINANCIAL — The International Chamber of Commerce (ICC) will help advance the aims of The Lion’s Share Fund, an initiative co-founded by the United Nations Development Programme (UNDP), to encourage greater private sector investment in biodiversity conservation. In recognition of the interdependency of people and nature, ICC is supporting The Lion’s Share Fund, to reverse…

ICC and its partners to launch “Private Sector for Refugees” web portal

3 mins read

The FINANCIAL — The International Chamber of Commerce (ICC) has launched the Private Sector for Refugees (PS4R) web portal to showcase public-private sector collaborations that integrate refugees into the global economy. In collaboration with the European Investment Bank, Danish Industri, the World Bank Group, and the United Nations Refugee Agency, the PS4R web portal will…

ICC welcomes Japan’s net-zero commitment

2 mins read

The FINANCIAL — ICC, the institutional representative of 45 million companies – has welcomed today’s announcement by newly elected Japanese Prime Minister Yoshihide Suga, committing Japan to achieving net zero emissions by 2050. Commenting on the announcement, ICC Secretary General John W.H. Denton AO said: “I commend Prime Minister Suga for this concrete commitment to…

Anaklia Development Consortium filed a lawsuit against Georgia

5 mins read

The FINANCIAL — The Anaklia Development Consortium (ADC) and Mr. Bob Meijer, one of its principal investors, on 29 July filed separate arbitration claims against Georgia in relation to their rights in the Anaklia Port Project. Together the two claims seek to recover the value of ADC’s and Mr. Meijer’s rights in the Project. The value…

What Is Happening To The LARI

5 mins read

Since Georgian Dream came to power in 2013 the dynamic of the Lari’s exchange rate is very clear, it went from 1.65 in January 2013 to 2.92 in August 2019.…

ICC Georgia Chairman Warns Foreign Businesses Of Risks Associated With Doing Business in Georgia

23 mins read

Fady Asly, Chairman of the Board at the International Chamber of Commerce in Georgia has addressed Prime Minister of Georgia, with the open letter, underlining the "responsibility to warn foreign businesses of the risks associated with doing business in Georgia". "If I, the Chairman of the International Chamber of Commerce in Georgia don’t feel safe or confident…

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atrice-Edouard Ngaïssona transferred to ICC for alleged crimes against humanity and war crimes​

2 mins read

The FINANCIAL -- Patrice-Edouard Ngaïssona was transferred to the International Criminal Court ("ICC" or "Court") in The Hague, The Netherlands, by the authorities of the French Republic pursuant to an ICC arrest warrant for crimes against humanity and war crimes allegedly committed in the Central African Republic ("CAR"). This transfer followed the completion of necessary…