DCW Updates
DCW Monthly: March 2025
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
Latest news
DCW Updates
DCW Monthly: March 2025
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
DCW Conference Report
February 2025 ICC Banking Commission Meeting: Executive Summary
The ICC Banking Commission returned to Dubai, UAE, for its 2025 Annual Meeting on 17 February. The one-day event was organized by ICC UAE and hosted by Dubai Chambers. In addition to those participating in-person, others attended virtually.
DCW Articles
Revising UCP 600: Weighing the Issues, Merits, and Challenges
In the fifth instalment of his DCW article series on major contemporary issues surrounding documentary credit practice, ICC Banking Commission Senior Technical Advisor Dave Meynell offers his thoughts on the highly-charged question: Is it time for UCP to be revised?
DCW Articles
Sanctions Clauses – Here to Stay, so How to Deal with Them?
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.
DCW Articles
Under LC Rules, What is a Complying Certification of a Court Order?
Beyond questions on the rule of strict construction of LC terms, the In re Spiegel case should engender a discussion of the requirements of UCP vs. ISP on what certified means with respect to a government or court-issued document.
DCW Updates
Why So Few ICC Opinions?
In 2022, the ICC Banking Commission began handling and discussing ICC Opinions on a quarterly basis instead of on a
DCW Updates
New EAR Controls Prompt Considerations for Banks Serving Semiconductor Industry Clients
A presentation made at a recent meeting of LC bankers offered insights regarding specialists’ understanding of US regulatory requirements with
DCW Updates
Bankruptcy Decision on Standard for Review of LC Documents Affirmed on Appeal
After an adverse judgment levied civil sanctions against Marshall Spiegel (Debtor) for vexatious and abusive litigation practices, Debtor/Applicant applied
DCW Updates
Canadian Company’s Operations Suspended Due to Expired LC
Best Theratronics Ltd., a Canadian-based manufacturer of equipment used to treat cancer, is prohibited from resuming operations at its plant
DCW Updates
Mutual Trust Bank, ITFC Sign Agreement to Bolster Trade Finance
Bangladesh’s Mutual Trust Bank PLC announced on 4 March 2025 its signing of a Master Murabaha Agreement with the
DCW Updates
US Supreme Court Asks for Clarification of Government’s Obligations Regarding USAID Payments
In proceedings relating to a challenge of the Trump Administration’s temporary pause of foreign-assistance payments to businesses and organizations
DCW Litigation Digest
Iberdrola Energy Projects v. Oaktree Capital Management LP [2024]
Contractor-applicant appealed dismissal of complaint against principal of insolvent beneficiary and judgment debtor.