DCW Updates
DCW Monthly: September 2025
From London to New Delhi to New York, this issue brings together the latest laws, rulings, and rule-set debates in
318 articles
DCW Updates
Latest TABs Address Confirmation, Procedure for Payment under UCP600
In the latest rollout of its Technical Advisory Briefings (TABs), the ICC Banking Commission has issued TAB No. 13, “Confirmation
DCW Updates
ICC Releases Draft Opinions Slated for October 2025 Meeting Agenda
Six Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
DCW Updates
Judgments Issued in Massive Fraudulent Nickel-Trading Scheme
In two judgments issued concurrently on 29 July 2025, the High Court of Singapore has ordered nine former employees of
DCW Updates
ICC Banking Commission Conducts Strategic Meeting
ICC Banking Commission meets in Singapore to discuss UCP revision, Basel III advocacy, ICC Trade Register expansion, and digital trade finance.
DCW Conference Report
August 2025 ICC Banking Commission Meeting
The ICC Banking Commission’s quarterly meeting, held via Zoom on 5 August 2025, covered three draft opinions, updates on Technical Advisory Briefings, and the status of the ISBP Revision and ISBP Education Project.
DCW Updates
ISBP Revision at a Crossroads
The ICC Banking Commission sent out its comments on ISBP Revision Draft 3 feedback received from 19 ICC National Committees
DCW Updates
Questions about the ICC Opinion Handling Process
The ICC Banking Commission’s “ICC Official Opinion Handling Procedure and Terms of Reference”, last updated in June 2023, sets
DCW Updates
Singapore Court Dismisses Appeal in Circular Oil Trade Case
Banque de Commerce et de Placements S.A. (BCP) of Switzerland has lost its appeal of a High Court of
DCW Conference Report
2025 Singapore Guarantee & Standby Forum: Executive Summary
For the 18th consecutive year, IIBLP conducted its Guarantee & Standby Forum for the Singapore trade finance market. Held on 19 May 2025 and hosted by S&P Global, the program was organized as a hybrid event. This Executive Summary provides an overview of topics discussed and debated.
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
OFAC, FinCEN Actions Target Iran’s Shadow Banking Network
Two divisions within the US Department of the Treasury took coordinated steps on 6 June 2025 to counteract Iranian operations