DCW Feature

2022 ICC Banking Commission Technical Meeting: Executive Summary

19-20 October 2022 The ICC Banking Commission held its 2022 Technical Meeting as a hybrid event in-person in Paris and

Case Illustrates Perils of Drafting LC Draw Caps and Handling Non-Standard LC Transactions

In Natixis Funding Corp. v. GenOn Mid-Atlantic, the 5th Circuit addresses crucial aspects of letter of credit practice, exploring prepayment, collateralization, structured finance, indemnities, good faith limits, and consequences of drafting errors.

Modifications and Exclusions of URDG758 Articles in Demand Guarantees

The provisions of URDG can be modified, overridden, or excluded by inserting suitable replacement wording in the text of the guarantee.

Judicial Remedies for Guarantee Fraud and Abusive Demands on Independent Guarantees Under PRC Law

In-depth look into use of independent guarantees in China's international trade, addressing risks like fraudulent calls and abuses.

2022 ICC Banking Commission Annual Meeting

DCW executive summary of ICC Banking Commission annual meeting covering ICC Opinions, Swift messaging, the trade finance gap, sustainable trade finance and more.

Keynote Address by Jun XU to 2022 ICC BC Annual Meeting

Keynote address by Jun XU to the 2022 ICC Banking Commission Annual Meeting

Crédit Agricole Corp. & Inv. Bank, Singapore Branch v. PPT Energy Trading Co. [2022]

In a crude oil transaction, a bank issuing an LC accused the buyer of fraud, leading to dishonor of the LC; however, the court ruled in favor of the seller...

Originality of Paper and Electronic Documents (Part 1)

Pavel Andrle's exploration of the originality of paper and electronic documents - Part 1 of a three part series.

Modifications and Exclusions of UCP600 Articles in Commercial Letters of Credit

Practical advice for modifying and excluding UCP600 articles in commercial letters of credit.

Use of Digital Signatures Due to Coronavirus