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.
According Reuters reporting, a Sri Lankan government official has affirmed that the country has purchased two cargoes of 60,000 tonnes of coal each from the Singapore unit of Russian coal trader SUEK AG and will pay in US dollars (about USD 17 million).
The coal shipments will be the first from Russia to Sri Lanka since Russia’s invasion of Ukraine on 24 Feb.
“A letter of credit (LC) backed by the central bank has been opened. At the maturity, payment will be made by the treasury,” the official said.
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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