DCW Updates
DCW Monthly: September 2025
From London to New Delhi to New York, this issue brings together the latest laws, rulings, and rule-set debates in
Latest news (Page 4)
DCW Updates
New York State Adopts UCC Amendments, New Article 12
In a significant development toward wider recognition of controllable electronic records, New York State legislators approved Assembly Bill A3307A designed
DCW Updates
Singapore Regulator Takes Action against FIs for Serious AML Failings
On 4 July 2025, the Monetary Authority of Singapore (MAS) took enforcement actions against nine financial institutions (FIs) and 18
DCW Updates
Tata Steel Completes Its First Use of eB/L
Tata Steel has announced execution of its first import shipment using an electronic bill of lading. According to a 11
DCW Litigation Digest
Richardson v. Prisoner Transport Services of America
Did the standby LC provide sufficient protection to the judgment creditor?
DCW Litigation Digest
Newman v. HSBC Bank USA, N.A.
Years after Lessees attempted to cancel LC, they sued Successor Bank for conversion, breach of contract, unjust enrichment, and damages.
DCW Articles
Assessing the Relevance of UCP600 Today: The Case of Article 6(d)(i)
The maturation of UCP has included attempts to address incorrect practice regarding expiry date and presentation period of a credit. Is it time for UCP600 Article 6(d)(i) to be revisited?
DCW Articles
Canadian Supreme Court Confirms Bank Must Refuse LC Payment Due to Fraud
In Eurobank Ergasias S.A. v. Bombardier Inc., the Supreme Court of Canada takes up the fraud exception and whether it applies regarding a demand for payment under a Counter Guarantee.
DCW Articles
Responding to “A Critical Review of ICC Opinion TA.948”
Writing in a personal capacity as a professional deeply familiar with the ICC Opinion process and the trade finance business, Dave Meynell offers response to three remarks made by Rupnarayan Bose in a June 2025 DCW article on ICC Opinion TA.948.
DCW Articles
MLETR vs. UCC Amendments: Highlighting the Key Differences
While both MLETR and the UCC Amendments provide means for facilitating digitalization of trade finance, key differences exist between these model laws. Marek Dubovec focuses on four main areas of difference.
DCW Scam Survey
Securities Commission Issues Order against Operator of Ponzi-like Scheme
In its Decision, Re Cawaling (2025 ABASC 96), the Alberta (Canada) Securities Commission (ASC) has permanently banned a Calgary resident
Free this month
Recently Decided Cases
DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
July 2025
The Conquest of Military Dual-Use Goods Detection in Trade Finance
The views expressed by the authors in this publication do not represent their employers or any agency. Any content should
