Documentary Business and International Payments:

Key Trends, Challenges and Prospects


14-15 March 2019

VTB Bank Conference Hall, 43 building 1 Vorontsovskaya str., Moscow


Conference Program

Day 1

 9:15 – 10:00

Registration. Welcome coffee.

10:00 – 10:15

Opening remarks

Tatiana Monaghan, Secretary General, ICC Russia


10:15 – 11:45

Session I. Global trends and risks in international trade



Moderator: Tatiana Monaghan, Secretary General, ICC Russia


·         Natalia Makarova, Policy manager, Banking Commission, ICC Russia

TOPIC: Strategy and activities of ICC Banking Commission.

·         Eugene Grankin, Senior analyst, Center of Уconomic Forecasting, Gazprombank

TOPIC: The effect of protectionist policy on the world economy.

·         Alexander Isakov, Chief Economist for Russia in the Research Department’s Macro team, VTB Capital

TOPIC: Russia's economy: status and prospects.

·         Nadezhda Zablotskaya, Director, Financial Institutions, EXIAR, Russian Export Center

TOPIC: The current programs of export support. Challenges and concerns.


Q&A session



11:45 –12:15

Coffee break

12:15 – 13:45

Session II. Do existing regulatory frameworks accommodate fintech? International experience and Russian initiatives.


Moderator: Anton Dzhuplin, Partner, law firm ALRUD



·         Mikhail Chekanov, General director, Design bureau Kontrakt

  TOPIC: Regulatory risks related to insufficiency of Russian legal framework with respect to fintech.


·         Michael Mosimann, Counsel, Attorney at Law, Prager Dreifuss AG (Switzerland)

TOPIC: How does Swiss regulation applies (or does not apply) to crypto business?


·         Oliver Voelkel, Partner, Stadler & Voelkel (Austria)

TOPIC: Fintech regulation in Austria.


·         Byungkwon Lim, Partner, Debevoise & Plimpton (New York office)

TOPIC: Blockchain and cross-border payments: U.S. perspective.


Q&A session


13:45 – 14:45

Coffee break

14:45 – 16:15

Session III. Novelties in Russian regulatory framework with regard to documentary credits and independent guarantees.






 Moderator: Victoria Guzevataya, Head of Documentary Business, Vice-president, Regional Corporate Business Division, VTB Bank


·     Anna Okuneva, CDCS Adv, Deputy Head of Documentary business and trade finance, Gazprombank

Julia Demontovich, Director, Documentary Business, Regional Corporate Business Division, VTB Bank

TOPIC: In the way of digitalization: amendments to the Bank of Russia Regulation № 383-P. New opportunities and possible troubles.


·    Andrey Bykov, Head of Customs duties debt recovery organizing, Federal Customs Service of the Russian Federation  

TOPIC: The new procedure for interaction between banks and customs authorities.


·    Sergey Voznesenskiy, Deputy head of Department of state regulation in the sphere of production, processing, circulation of precious metals and precious stones and currency control, Ministry of finance of the Russian Federation

TOPIC: Current and intended changes to the laws with a view to mitigate foreign exchange control for the foreign trade.

Q&A session

16:15 – 16:30

Coffee break

16:30 – 18.00

Session IV. Practice of dispute resolution related to documentary credits and independent guarantees.



Moderator: Sergey Lisin, Partner, BGP Litigation


·         Timur Aitkulov, Partner, Litigation and Dispute Resolution, Clifford Chance Moscow

TOPIC: Bank as a professional financial market participant: risk allocation in the disputes related to independent guarantees and documentary credits.


·         Vadim Shubenin, Head of Contract Law Unit, Legal Department, UniCredit Bank

Julia Piotrovich, Head of Litigations, Legal Support Unit, Legal Department, UniCredit Bank

TOPIC: Banks litigation for letters of credit and independent guarantees.


·         Anna Grischenkova, Partner, KIAP, Attorneys at Law

TOPIC: Beneficiary and principal in guarantee disputes: litigation and arbitration.


·         Anton Maltsev, Partner, Baker McKenzie

TOPIC: Dishonesty of beneficiary under the guarantee in case of  bank’s or principal’s bankruptcy. Could it be considered as a cause for the refusal of payment?  


Q&A session


End of Day 1



Day 2

 9:15 – 10:00

Registration. Welcome coffee.

10:00 – 10:15

Opening remarks


10:15 – 12:15

Session I. Digital infrastructure developments in international trade.



Moderator: Anna Maximenko, International counsel, Debevoise & Plimpton (Moscow office)



·         Ekaterina Kalinina, Head of Russia, CIS and Mongolia, SWIFT

TOPIC: The international payment landscape change.


·         Desmond Tay, vCargo Cloud Pte Ltd (Singapore)

TOPIC: Certificate of origin on blockchain.


·         Anatoliy Konkin, IT director, FinTech Association

TOPIC: Blockchain platforms interoperability.


·         Anna Maximenko, International counsel, Debevoise & Plimpton (Moscow office)

TOPIC: The legal status of electgronic documents.


·         Tatiana Ivashkova, Executive Director, Head of Documentary Business and Trade Finance, Raiffesenbank (Moscow)

TOPIC: The electronic bill of lading: the future on the Russian market.


Q&A session


12:15 – 12:45

Coffee break


12:45 – 14:45

Session II. Compliance in trade finance



Moderator: Natalia Makarova, Policy manager, ICC Russia Banking Commission



·  David Cuckney, Asst. Director, International Maritime Bureau, ICC Commercial Crime Services

TOPIC: Fraud and anti-money laundering in trade finance: key trends, case studies.  


·         Alexander Bezborodov, Partner, Beiten Burkhardt (Moscow office)

TOPIC: International regulation in anti-money laundering.


·         Klaudius Heda, International counsel, Debevoise & Plimpton (Germany)

TOPIC: Compliance in trade finance. Key problems and challenges.


·         Sergey Yakovlev, General director, Financial & Business Information Service, Interfax

TOPIC: The impact of digital technologies on compliance procedures.


Q&A session


14:45 – 15:30

Coffee break

15:30 – 17:00

Session III. Documentary credits: hot topics of practice  







Moderator: Elvira Shakirova, Director, Documentary Business Division, Global Transaction Banking Department, VTB Bank


Speaker: Vincent O’Brien, Member, Executive Committee, ICC Banking Commission, Advisor on Innovation and Market Intelligence, China Systems Corporation


            ·         Review of recent ICC Banking Commission Official Opinions

·         Analysis of significant international letter of credit legal cases

·         Example of Digitilisation of Documentary Credits in Action


Q&A session



Conference conclusion