This month, we're spotlighting the challenges and hard-earned lessons emerging from LC disputes and sanctions enforcement crackdowns. Carter
DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
Continuing an annual survey written by top legal experts each year since 1992, Carter Klein examines the most significant letter of credit issues emerging from cases decided in 2023.
Further to previous DCW reporting of a scam involving use of a bogus document labelled a standby letter of credit and other fraudulent documents (Florida County Defrauded of USD 1.4 Million, DCW Scam Survey, Jul/Aug 2023), one of three men implicated in a scheme to defraud Florida’s Manatee County out of nearly USD 1.4 million has been sentenced to jail and ordered to pay restitution.
A Bangladesh businessman arrested in August 2024 and jailed following the ousting of former prime minister Sheikh Hasina for whom
Nazrul Islam Mazumder, chairman of NASSA Group, a Bangladesh conglomerate active in the apparel, banking, and real estate industries, is
A Chennai-based importer, its director, and six former officials of a company operating under the Indian government’s Ministry of
After receiving dozens of containers filled with soil, gravel and stones instead of the valuable natural minerals it had agreed
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