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.
Working Group VI of the United Nations Commission on International Trade Law (UNCITRAL) held its 45th session, 9-13 December 2024, at the United Nations in Vienna. Emerging from this effort, it is expected that the Working Group’s draft convention on negotiable cargo documents (NCDs) will be finalized and presented to the UN General Assembly for adoption in late 2025.
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
In the fifth instalment of his DCW article series on major contemporary issues surrounding documentary credit practice, ICC Banking Commission Senior Technical Advisor Dave Meynell offers his thoughts on the highly-charged question: Is it time for UCP to be revised?
In 2022, the ICC Banking Commission began handling and discussing ICC Opinions on a quarterly basis instead of on a
A presentation made at a recent meeting of LC bankers offered insights regarding specialists’ understanding of US regulatory requirements with
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