DCW Monthly: April 2026
The ICC Banking Commission decided not to revise UCP 600 or ISBP 821. The argument: the rules are fine, what&
France adopted law aligned with the UN Model Law on Electronic Transferable Records in 2024. As of August 2025, it now a degree which defines technical criteria for a reliable method to achieve the goals of the MLETR.
In a recent group discussion, LC professionals took up the matter of guarantee text referencing a consumer price index (CPI)
In McNeil & NRM Inc. v. SA Bank Audi France, the court ruled on a dispute over an advance payment guarantee. The case highlights the importance of precise guarantee wording and adherence to standard practices in international transactions.