I N T H I S Iss u e
Jacob Barron, CICP
Trade Finance Transactions Head in an
“Easier Direction” at FCIB Roundtable
T
Trends in dispute resolution between exporters and
their international buyers seem to suggest that the
entire process is in the middle of a shift toward the
informal. Emerging markets are where the opportunities are, and so exports continue to flow to these countries. However, their legal systems remain far less
sophisticated than those in the United States or European Union. As such, alternatives to resolving a dispute
in court have become increasingly popular among
international business partners.
“I don’t think arbitration is as efficient as it used to be,
but I think we’re moving away from litigation to arbitration,” said Robert Brown, an attorney with Greenebaum
Doll & McDonald PLLC, at the March FCIB New York
Roundtable, hosted at the offices of Lowenstein Sandler
LLP. “I think trade is always moving in that direction,
toward easier transactions.”
Brown made this observation while discussing dispute
resolution, but it informed the entire roundtable program. Exporters are looking for ways to make their
trade finance transactions simpler, safer, faster and
more profitable, and they found them in the roundtable’s exchange of executive-level insights and cuttingedge glimpses into the latest developments affecting
trade financial instruments, regulatory compliance and
export support.
After opening with a networking luncheon and a comprehensive, exporter-sensitive economic outlook from
Carolyne Spackman, vice president and economist,
country risk with American International Group, Inc.
(AIG), the roundtable’s central panel, moderated by
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B usiness C redit ma y 2 0 1 4
Osterman & Company, Inc. Credit Manager Aysegul
Budak, ICCE and titled “Current Issues Impacting
Trade Credit,” tackled a host of prescient topics.
In addition to discussing international dispute resolution, Brown also delved into the in