DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
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Letter of credit cases can reveal a great deal about how the industry's practice rules and standards are viewed and interpreted by the courts.
In a development related to past reporting of standby and bond usage at the municipal level in Canada, the Canadian
Disputes over Independent Guarantee Fraud, Independent Guarantee Payment, and Improper Dishonor
Beneficiary Bayport Polymers appealed temporary injunction restraining presentation of LC documents.
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