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 (Page 12)
DCW Updates
LC Requirements for US Entities Seeking Rural Broadband Support Scrutinized
The US Federal Communications Commission (FCC) which oversees program requirements for entities attempting to secure federal funding support for broadband
DCW Updates
Digital Trade Finance Puzzle Coming into Focus
Citing passage of the 2023 UK Electronic Trade Documents Act and building momentum across the legal, banking, business, and technology
DCW Updates
Singapore Cracks Down: CEO Denied Visa Amid Sanctions Violations
Singapore’s Ministry of Manpower denied a work visa to Philip Adkins, CEO of Red Box Energy Services, in June
DCW Feature
Sanctions Clauses in Trade Finance Instruments
Sanctions clauses that are wisely or imprudently constructed continue to be inserted into trade finance instruments and may heavily impact the legal rights and transactional obligations of involved parties.
DCW Updates
Dave Meynell Reacts to June 2024 DCW Articles
Various articles from the June 2024 edition of DCW caught the attention of ICC Banking Commission Senior Technical Advisor Dave Meynell who offers the following comments.
DCW Updates
English Court Reverses Celestial; UniCredit Right to Refuse Payment
In a high profile case involving standby letters of credit issued in connection with aircraft leases to Russian airlines and
DCW Updates
Hindsight since 2020: Market Trends Shaping Standby Practice
The onset of the global pandemic in March 2020 necessitated immediate and sometimes drastic changes in how banks and other
DCW Updates
UNCITRAL Project on Negotiable Cargo Documents
United Nations Commission on International Trade Law (UNCITRAL) Working Group VI (Negotiable Cargo Documents) held its 44th Session at the
DCW Updates
Seeking Best Practice on Tracing Standby LC Detrimental Amendments
In a bankers’ discussion this month, conversation focused heavily on standby LCs, particularly the handling of amendments. One of questions
DCW Updates
Court Rules Ukraine, Not England, Right Venue for Aircraft Disputes
England and Wales’ High Court of Justice has determined that legal proceedings between aircraft leasing companies and insurers over aircraft
DCW Updates
OFAC Broadens Sanctions Targeting Houthi Network
On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities,