DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
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In a development related to past reporting of standby and bond usage at the municipal level in Canada, the Canadian province of Ontario has proposed a regulation under its planning laws that would authorize landowners to request use of surety bonds instead of letters of credit for securing municipal obligations that are often required for land-use planning approvals.
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In the first of his series of DCW articles on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell examines the concept of negotiation.
Letter of credit cases can reveal a great deal about how the industry's practice rules and standards are viewed and interpreted by the courts.
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