U.S. Bankruptcy Code’s Effect on Letter of Credit Parties Simplified
U.S. Bankruptcy law and letters of credit fit uneasily together since each set of laws generally ignores the other.
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DCW Monthly: April 2025
This month, DCW unpacks the legal and practical shifts reshaping trade finance interpretation. Why are ICC Opinions becoming increasingly scarce?
ICC Opinions: Why has Usage Reduced?
Writing as a trade finance professional with a long background in the business, Dave Meynell offers his personal views on factors contributing to the sharp reduction in ICC Official Opinions issued over the past several years.
Causation in Misdelivery Cases: The “Maersk Katalin”
With the causation defence being increasingly engaged in misdelivery cases, there is a great deal for banks and shipowners to learn from The “Maersk Katalin” case.
Views on ISDGP’s Explanation of URDG 758 Article 15(c)
URDG 758 Article 15(c) makes clear that the requirement stated in Article 15(a) always applies unless expressly excluded in the guarantee, but does ISDGP help or harm in explaining this provision?
