DCW Newsroom

English Court Reverses Celestial; UniCredit Right to Refuse Payment

In a high profile case involving standby letters of credit issued in connection with aircraft leases to Russian airlines and

Hindsight since 2020: Market Trends Shaping Standby Practice

The onset of the global pandemic in March 2020 necessitated immediate and sometimes drastic changes in how banks and other

UNCITRAL Project on Negotiable Cargo Documents

United Nations Commission on International Trade Law (UNCITRAL) Working Group VI (Negotiable Cargo Documents) held its 44th Session at the

France Passes Digital Trade Documents Law

Court Rules Ukraine, Not England, Right Venue for Aircraft Disputes

England and Wales’ High Court of Justice has determined that legal proceedings between aircraft leasing companies and insurers over aircraft

OFAC Broadens Sanctions Targeting Houthi Network

On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities,

LCs Among Top Uses of Blockchain

Global trade & commerce – and specifically letters of credit – rank among the “Top 10 Use Cases for Blockchain”, according to

Jail for Georgia Man Who Duped Florida County Using Phony Standby

Further to previous DCW reporting of a scam involving use of a bogus document labelled a standby letter of credit

Ghanaian Court Sees Red in Challenge of Charge Sheet

A man accused of willfully causing EUR 2.37 million in financial loss to Ghana by having letters of credit

Five Draft ICC Opinions to be Discussed at July 2024 Session

UK’s OFSI Launches Site to Address Sanctions’ FAQs

This Time, Canadian Supreme Court Denies Leave to Appeal LC Case