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.
UCP600 interpretation challenges arise as banks often misconstrue article purposes. Beneficiaries risk losing payment guarantees due to misinterpretation during credit-complying presentations
Issuer sued Applicant for reimbursement.
In a move aimed at easing pressures on foreign exchange reserves, Pakistan is designing a bonded bulk storage policy for
Following coordination of price cap sanctions on Russian origin crude oil and petroleum products first put in place in December
Bangladesh’s largest power plant has resumed production on 25 June 2023 after a 20-day hiatus caused by a shortage
For years, compliance specialists within banks have been skeptical that the price checking of traded goods is an effective measure
error in initial date in DCW PDF but fixed here.
Another troubling commodities financing controversy is unfolding in China that bears stark similarities to the Qingdao warehouse scandal of 2014,
On 1 June 2023, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions controls four companies
Does an NY court have jurisdiction over an Indian collecting bank that is alleged to have violated the URC 522 for neither collecting and remitting funds to pay for shipments?
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