Recently Decided Cases
DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
U.S. Bankruptcy law and letters of credit fit uneasily together since each set of laws generally ignores the other.
The transition from UCP to ISP that revolutionized trade in Japan.
From Concept to Adoption: the genesis and global impact of ISP98 in international banking law & practice.
Unpublished work by Prof. Byrne examines ISP98 Rule 1.04's impact and particular rules, crucial for standby agreement stakeholders.
Key takeaways from the US Treasury Report on money laundering risks and threats.
Learnings and reflections from the Kuvera Resources v. JPMorgan Chase appeal from 2023.
Dave Meynell and Gary Collyer discuss the suitability of ISP98 standby rules for current trade practices.
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.
Explore ISP98's evolution and global impact on standby LCs - 25 years on. Discover its unique features, comparisons with UCP 600 & URDG 758, and the challenges users face.
ISP98 Rule 1.02: Relationship to Law and Other Rules
The silent confirmation market is still active and prevalent for LCs in Asian countries as silent confirmation is one of the means for a beneficiary to mitigate issuing bank and country risk when it does not want other banks to confirm its credit.
The evolution from traditional paper Bills of Lading to electronic formats, detailed in ICC Opinion TA.929, reflects a seismic shift; as eB/Ls gain traction through digital platforms like Bolero and pioneering blockchain technology, legal recognition and harmonization lag.
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