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.
Despite established rules like the eUCP and eURC, the practical implementation of electronic presentations lags. Except perhaps via email and Fax...
ISP98 Model Form 4 - providing for Transfer and incorporating Annexed Form of Transfer Demand.
Prominent Chinese lawyer Saibo Jin alerted delegates at the IIBLP Annual Survey of LC Law & Practice in Hong Kong
A look into application of US UCC Article 5 for letter of credits outside of the United States
Energy LEAP, a not-for-profit organisation in which member companies across the oil trading industry work to define standards which offer
The Windsor Township v. Tompkins Financial Corp. case emphasizes the significance of original letters of credit but questions their necessity in modern electronic transactions.
Proposed EU Capital Requirements Regulation changes may raise credit conversion factor for standby letters of credit. Limited data suggests low default rates. Banks issue standbys for fees, and despite credit risk, many expire unused.
A chronic concern for banks is when intended LC beneficiaries – often government agencies, municipalities, insurance companies, and other so-called power
Use of UCP600 for standbys continues, despite there being better suited rules in ISP98
DCW wishes to recognize my retirement as a lawyer after 50+ years, all with Baker & McKenzie1 and including 30+
Following a career of more than 50 years as a lawyer, including more than three decades concentrating on letters of
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being presented
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