Recently Decided Cases
DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
Disputes over Independent Guarantee Fraud, Independent Guarantee Payment, and Improper Dishonor
DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period
How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
Energy LEAP, an organization comprised of energy trading, service and association entities, drafted and released wording in April 2023 for
The onset of the global pandemic in March 2020 necessitated immediate and sometimes drastic changes in how banks and other
A member of the ISP drafting group offers perspective on the vision, birth, development, and future of the international rules built 25 years ago for standby LC practice.
Recent ICC Doxdex decisions (Nos. 367, 373, 382) interpret ISP98 rules, aiding parties in standby LC transactions.
ISP98 Rule 3.07: Separateness of Each Presentation
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