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 Wellington Cantonment Board v. Gharpure Engineering & Constructions, the Madras High Court (India) set aside a District Judge order
Punjab Health Minister Dr. Javed Akram directs Bank of Punjab to issue Letters of Credit (LCs) for crucial pharmaceutical imports amidst concerns over foreign currency constraints. Details on safeguards and bank selection remain unclear. Stay updated on this development.
The Reserve Bank of India (central bank) has assessed an INR 1.25 crore (USD 153,000) penalty against Zoroastrian
In spite of government restrictions imposed in May 2022, wheat exports have since doubled due to pre-existing orders, the impact
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
As an alternative to use of SWIFT for the sending of letters of credit, the Bank of Russia and Reserve
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