DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
In October 2024, ICC printed its 2024 Trade Register Report and released access to it electronically thereafter.
State Bank of Pakistan (SBP), the country’s central bank, has lifted restrictions on Pakistani banks opening letters of credit
At year-end 2022, the Central Bank of Egypt (CBE) announced cancellation of its mandate requiring use of letters of credit
In an effort to boost protection of the country’s dwindling foreign reserves, the government has directed all importers to
The Central Bank of Egypt announced in a statement released on 27 October 2022 that it will begin a process
State Bank of Pakistan (SBP), Pakistan’s central bank, initiated a curb on imports in order to control foreign currency outflow due to Pakistan’s depleting foreign currency reserve situation.
Following an August 2022 change in its leadership, the Central Bank of Egypt has eased foreign currency restrictions by permitting
A small portion of India’s USD 16m import order for 36,000 Vande Bharat train wheels from a Ukrainian
In a move to curb use of ante-dated LC documentation to circumvent Indian law banning wheat exports, India’s Directorate
Prime Minister Shehbaz Sharif has promised that the Pakistani government will intervene on behalf of oil refineries facing potential shutdown
According to figures released by Bangladesh Bank, the country’s central bank, settlement of import LCs jumped nearly 50% to
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