DCW Updates
DCW Monthly: July 2025
This month, we explore how digitalisation is reshaping commercial law across key jurisdictions. Marek Dubovec compares UCC Article 12 and
DCW Articles
Assessing the Relevance of UCP600 Today: The Case of Article 6(d)(i)
The maturation of UCP has included attempts to address incorrect practice regarding expiry date and presentation period of a credit. Is it time for UCP600 Article 6(d)(i) to be revisited?
DCW Articles
Responding to “A Critical Review of ICC Opinion TA.948”
Writing in a personal capacity as a professional deeply familiar with the ICC Opinion process and the trade finance business, Dave Meynell offers response to three remarks made by Rupnarayan Bose in a June 2025 DCW article on ICC Opinion TA.948.
DCW Articles
MLETR vs. UCC Amendments: Highlighting the Key Differences
While both MLETR and the UCC Amendments provide means for facilitating digitalization of trade finance, key differences exist between these model laws. Marek Dubovec focuses on four main areas of difference.
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DCW Updates
DCW Monthly: July 2025
This month, we explore how digitalisation is reshaping commercial law across key jurisdictions. Marek Dubovec compares UCC Article 12 and
DCW Updates
Calculating Confirmation Fees
In a recent discussion, bankers were asked how they calculate confirmation fees as a standard practice: 1) from the advising
DCW Updates
Company Failed to Prove ‘Asleep at the Wheel’ Director Responsible for Losses
In reversing a 2024 trial court ruling, Singapore’s Appellate Division of the High Court found that a former director
DCW Updates
New York Regulator Issues Guidance Amid Ongoing Global Conflicts
Expressing concern that ongoing global conflicts have increased the prospects of cybersecurity attacks directed at the US financial sector, the
DCW Updates
Bangladesh’s Mercantile Bank Issues First Blockchain-Enabled Domestic LC
Mercantile Bank PLC has announced successful completion in a “Proof of Concept”, demonstrating its ability to issue a “Green LC”
DCW Updates
New York State Adopts UCC Amendments, New Article 12
In a significant development toward wider recognition of controllable electronic records, New York State legislators approved Assembly Bill A3307A designed
DCW Articles
Singapore Regulator Takes Action against FIs for Serious AML Failings
On 4 July 2025, the Monetary Authority of Singapore (MAS) took enforcement actions against nine financial institutions (FIs) and 18
DCW Updates
Tata Steel Completes Its First Use of eB/L
Tata Steel has announced execution of its first import shipment using an electronic bill of lading. According to a 11
DCW Articles
DCW Articles
Singapore Regulator Takes Action against FIs for Serious AML Failings
On 4 July 2025, the Monetary Authority of Singapore (MAS) took enforcement actions against nine financial institutions (FIs) and 18
DCW Articles
Canadian Supreme Court Confirms Bank Must Refuse LC Payment Due to Fraud
In Eurobank Ergasias S.A. v. Bombardier Inc., the Supreme Court of Canada takes up the fraud exception and whether it applies regarding a demand for payment under a Counter Guarantee.
DCW Articles
A Critical Review of ICC Opinion TA.948
Since a draft was included in the presentation at issue in ICC Opinion TA.948, it prompts important questions about examination not only under UCP but also under bills of exchange law.
DCW Articles
How Secure is Your Security?
A recent Singapore case highlights the potential inherent risks for banks that take credit insurance policies as security.
DCW Updates
DCW Updates
DCW Monthly: July 2025
This month, we explore how digitalisation is reshaping commercial law across key jurisdictions. Marek Dubovec compares UCC Article 12 and
DCW Updates
Calculating Confirmation Fees
In a recent discussion, bankers were asked how they calculate confirmation fees as a standard practice: 1) from the advising
DCW Updates
Company Failed to Prove ‘Asleep at the Wheel’ Director Responsible for Losses
In reversing a 2024 trial court ruling, Singapore’s Appellate Division of the High Court found that a former director
DCW Updates
New York Regulator Issues Guidance Amid Ongoing Global Conflicts
Expressing concern that ongoing global conflicts have increased the prospects of cybersecurity attacks directed at the US financial sector, the
DCW Litigation Digest
DCW Litigation Digest
Richardson v. Prisoner Transport Services of America
Did the standby LC provide sufficient protection to the judgment creditor?
DCW Litigation Digest
Newman v. HSBC Bank USA, N.A.
Years after Lessees attempted to cancel LC, they sued Successor Bank for conversion, breach of contract, unjust enrichment, and damages.
DCW Litigation Digest
Majestic Rayon Corp. v. Soho Office Suites, LLC
Landlord sued Lessee for use and occupancy of commercial lease.
DCW Litigation Digest
Bintai Kindenko Pte Ltd. v. Samsung C&T Corp.
On appeal, Court considered whether trial court: erred in holding that Subcontractor/Applicant was contractually precluded from relying on the unconscionability exception; correctly held that Contractor/Beneficiary’s demand was not fraudulent; and erred in declining to discharge the injunction.
DCW Conference Report
DCW Conference Report
2025 Americas TF Compliance Annual Meeting: Executive Summary
For the 7th year, the Institute of International Banking Law & Practice conducted its one-day Americas Trade Finance Compliance Annual Meeting. This summary provides an overview of topics discussed at the conference hosted by S&P Global on 2 April 2025 in New York and conducted as a hybrid event.
DCW Conference Report
February 2025 ICC Banking Commission Meeting: Executive Summary
The ICC Banking Commission returned to Dubai, UAE, for its 2025 Annual Meeting on 17 February. The one-day event was organized by ICC UAE and hosted by Dubai Chambers. In addition to those participating in-person, others attended virtually.
DCW Conference Report
November 2024 ICC Banking Commission Meeting: Executive Summary
The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
DCW Conference Report
2024 Americas LC Law Summit: Executive Summary
For the 25th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Letter of Credit Law Summit. This Executive Summary provides an overview of topics discussed and debated at the conference hosted by Hogan Lovells in New York and conducted as a hybrid event.
DCW LC Statistics
DCW LC Statistics
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.
DCW Feature
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.
DCW Feature
LC Statistics: 1Q24 US Bank LC Issuance
DCW reports quarterly LC issuance statistics from the top 600 banks headquartered in the U.S.
DCW Scam Survey
DCW Scam Survey
Securities Commission Issues Order against Operator of Ponzi-like Scheme
In its Decision, Re Cawaling (2025 ABASC 96), the Alberta (Canada) Securities Commission (ASC) has permanently banned a Calgary resident
DCW Scam Survey
Chief Compliance Officer of Fake Bank Pleads Guilty
A 75-year old disbarred attorney and convicted felon from California pleaded guilty in a New York federal court on 10
DCW Scam Survey
Singapore Citizen Implicated in Fraudulent Timber Import Deal
A 67-year-old Singapore citizen was arrested in India on 22 April 2025 for his alleged involvement in a timber import
DCW Scam Survey
Woori Bank Subsidiary Investigating Confirmed Fraud Allegations
Following Woori Bank’s publication of a financial incident disclosure that its subsidiary in Indonesia has confirmed fraud allegations involving