DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
In what is believed to be the first eLC issuance of its kind, Societe Generale has announced its role as
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.
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