DCW Monthly: March 2026
This month’s content highlights a familiar reality in letter of credit law & practice: structure alone does not guarantee
Latest news (Page 15)
DCW Articles
The Road Map to a Draft-less UCP
The ICC has neither accepted the draft as a standard requirement, nor have they been successful in casting it out from LC practice. This article is an attempt to resolve the confusion and place bills of exchange laws and the UCP in their proper perspectives.
DCW Updates
ISBP Revision Forges Ahead with New Round of Proposed Changes
The ongoing effort to revise ISBP 821 (2023) has now reached an advanced stage with an updated Draft 3 revision
DCW Updates
Bangladesh’s Central Bank Issues Circular Regarding Waiver Process
On 20 April 2025, Bangladesh Bank’s Foreign Exchange Policy Department issued FE Circular Letter No. 14, “Remittance against import
DCW Updates
TSMC Potentially Facing USD 1 Billion Fine for Export Controls Violation
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, is under investigation by the US Department of
DCW Updates
DCW announces David Williams Appointed to Editorial Advisory Board
Documentary Credit World is pleased to announce the addition of David Williams to our Editorial Advisory Board. David is based
DCW Articles
‘Docs, or It Didn’t Happen’: Examining Misconceptions around Non-Documentary Conditions
Non-documentary conditions and the General Rule against them can be prone to unhelpful misconceptions, potentially resulting in problems.
DCW Articles
Directory Yet to Move the eUCP Usage Needle
A survey conducted by DCW reinforces the notion that the eUCP Directory to date has been unable to boost confidence in the rules supplement designed for electronic commercial credits.
DCW Articles
How Secure is Your Security?
A recent Singapore case highlights the potential inherent risks for banks that take credit insurance policies as security.
DCW Articles
Export Controls a Vital Catalyst for WMD Controls
Past experience has shown effective implementation and enforcement of export controls are a key to counteracting WMD programmes.
DCW Litigation Digest
Tracy v. Surofchek [2025]
Appeal of denied bill of costs obtaining supersedeas LC.
DCW Scam Survey
Choksi Arrested, but Extradition to India on Hold
Following a request from India for Mehul Choksi’s extradition, Belgium arrested the fugitive former diamond trader on 12 April
DCW Scam Survey
Former Sri Lankan Official Arrested for Unauthorized LC Use
A former Additional Secretary to Sri Lanka’s Agriculture State Ministry is facing charges in connection with an alleged financial