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.
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.
Having seen your recent installment of DCW Scam Survey covering Indian cases (Indian Importer, Officials Booked for Cheating Tied to
P&R Containers was not a run-of-mill investment scam. And that contributed heavily in making it one of Germany’
Coal and stone imports from India coming into Bangladesh’s Sonahat Land Port and Chilmari River Port are being misdeclared
A Bangladesh businessman arrested in August 2024 and jailed following the ousting of former prime minister Sheikh Hasina for whom
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