DCW Feature

Trend 4: Shift to Commercial Standbys

Trend 5: The Sanctions Challenge

Trend 6: The Increasing Significance of Law

What to Watch for: Six Trends in Letter of Credit Practice | Revisited

In 2012, Professor James E. Byrne identified six emerging trends affecting the continued value and profitability of LCs. In their capacity as DCW Editorial Advisory Board members, experienced practitioners offer commentary

What to Watch For: Six Trends in Letter of Credit Practice (2012)

Looking back at Professor James E. Byrne's 6 predictions for LCs in 2012 - see how they hold up.

U.S. Bankruptcy Code’s Effect on Letter of Credit Parties Simplified

U.S. Bankruptcy law and letters of credit fit uneasily together since each set of laws generally ignores the other.

How Translation of ISP98 Transformed Standby LC Practice in Japan

The transition from UCP to ISP that revolutionized trade in Japan.

ISP98 Charts a Different Path to Successful Practice Rules

From Concept to Adoption: the genesis and global impact of ISP98 in international banking law & practice.

ISP98 Rule 1.04: Analysis and Insights

Unpublished work by Prof. Byrne examines ISP98 Rule 1.04's impact and particular rules, crucial for standby agreement stakeholders.

What We Can Learn From the Kuvera Resources v. JPMorgan Chase Bank Case

Learnings and reflections from the Kuvera Resources v. JPMorgan Chase appeal from 2023.

ISP98: Standby Rules Well-suited for Technological Advancements Then and Now

Dave Meynell and Gary Collyer discuss the suitability of ISP98 standby rules for current trade practices.

What Makes a System “reliable” and is There Strength in Numbers?

Alignment between UK Electronic Trade Documents Act 2023 and MLETR. Criteria for electronic trade document reliability, the Act's impact on eUCP, and systems for digitising trade.