DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
In a development related to past reporting of standby and bond usage at the municipal level in Canada, the Canadian
White Rock, an insurance solutions provider owned by Aon, filed a lawsuit on 27 August 2024 against China Construction Bank
A free webinar, offered by the Association of Trade Finance Compliance Professionals (ATFCP), will discuss the latest developments in global
Two Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
India’s Central Bureau of Investigation (CBI) has arrested a man declared a “proclaimed offender” by an Indian special court
Further to a story previously reported (Oct 2022 DCW 45), the CEO and founder of Nigerian airline Air Peace, has
Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
On 15 Feb 2023, DCSA members pledged to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.
The Bank of England reversed its plan to raise trade finance capital requirements from 20% to 50%, aligning with the EU approach but raising insurance-related requirements.
Seeking to capitalize on recent meetings with high level officials of Russia and following a July 2024 session of the
Ethiopia’s central bank’s simultaneous announcement and roll out of major foreign exchange reforms on 29 July 2024 caught
Saudi IT firm, Al Moammar Information Systems Company (MIS), obtained a SAR 252 million (USD 67m) financing facility from Riyad
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