October 2024
LC Statistics: 3Q24 US Bank LC Issuance
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for 3Q 2024.
Should "Negotiation" Continue to be a Form of Availability within UCP?
In the first of his series of DCW articles on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell examines the concept of negotiation.
Notable Chinese Supreme People's Court Cases Involving Application of ISBP
Letter of credit cases can reveal a great deal about how the industry's practice rules and standards are viewed and interpreted by the courts.
November 2024 ICC Banking Commission Meeting Preview
In addition to treatment of two ICC Draft Opinions, highlighting the first day of the next ICC Banking Commission Meeting
LC Statistics: 2Q24 US Bank LC Issuance
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for Q2 2024.
Canadian Province Proposes Surety Bonds as Option for Securing Municipal Obligations
In a development related to past reporting of standby and bond usage at the municipal level in Canada, the Canadian
China Construction Bank Sued Over LC Fraud Connected to Vesttoo
White Rock, an insurance solutions provider owned by Aon, filed a lawsuit on 27 August 2024 against China Construction Bank
Two Draft Opinions to be Discussed at November 2024 ICC Banking Commission Session
Two Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Australia and New Zealand Banking Group Ltd. Manila Branch v. China National Electric Engineering Co., Ltd. & Bank of Jiangsu [2023]
Disputes over Independent Guarantee Fraud, Independent Guarantee Payment, and Improper Dishonor
Bayport Polymers LLC v. CB&I, LLC [2024]
Beneficiary Bayport Polymers appealed temporary injunction restraining presentation of LC documents.
World Fuel Services, Inc. v. First Service Bank [2024]
Issuer First Service Bank moved to dismiss wrongful dishonor complaint brought by World Fuel Services.
