Recently Decided Cases
DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
Stemming from Kuvera Resources Pte Ltd. v. JPMorgan Chase Bank, N.A. where the High Court of Singapore determined that the sanctions clause in question “does not come within the scope of the (UCP) rule prohibiting non-documentary conditions”, the ICC Banking Commission decided to revisit and revise one aspect of its guidance on how sanctions clauses are to be categorized and considered.
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