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.
Following an August 2022 change in its leadership, the Central Bank of Egypt has eased foreign currency restrictions by permitting lenders to use foreign currency account balances to obtain LCs.
To the extent this will make an appreciable difference in reducing the country’s sizable import backlog is unknown.
According to local reports, US dollars have dried up from the interbank market and traders have experienced considerable difficulty securing hard currency through LCs in order to import goods.
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
In 2022, the ICC Banking Commission began handling and discussing ICC Opinions on a quarterly basis instead of on a
A presentation made at a recent meeting of LC bankers offered insights regarding specialists’ understanding of US regulatory requirements with
After an adverse judgment levied civil sanctions against Marshall Spiegel (Debtor) for vexatious and abusive litigation practices, Debtor/Applicant applied
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