October 2025
DCW Monthly: January 2026
We start 2026 with a focus on how courts, technology, and compliance realities are testing frameworks that were largely built
328 articles
(Page 16)
DCW Updates
2023 ICC Dates and Status of TABs
The next ICC Opinions session will take place on 18 April 2023 in a purely virtual setting, followed by a
DCW Updates
Bangladesh’s Misinvoicing Problem
No country has greater reliance on letters of credit than Bangladesh so it is reasonable to surmise that reports in
DCW Updates
Kelly-Louw Appointed Department Head
Effective 1 January 2023, Professor Michelle Kelly-Louw has been appointed Head of the Department of Commercial Law for a three-year term at the University of Cape Town (UCT)
DCW Updates
RBI Takes Action against Zoroastrian Bank for Compliance Failure
The Reserve Bank of India (central bank) has assessed an INR 1.25 crore (USD 153,000) penalty against Zoroastrian
DCW Updates
Pakistan Expands Import LC Requirement
In an effort to boost protection of the country’s dwindling foreign reserves, the government has directed all importers to
DCW Updates
Banks Upbeat EU Could Keep 20% CCF for Trade Finance Products
According to published reports, the EU appears to be on a path for abandoning a planned tenet of Basel reforms
DCW Updates
Inflation Causing Captive Insurers to Re-Think LC Use
Inflationary pressures and resulting interest rate hikes are forcing captive insurers that have relied on letters of credit as a
DCW Updates
Complaints That Banks Aided Terrorists Fail
In Wildman v. Deutsche Bank, the US District Court for the Eastern District of New York dismissed an action brought
DCW Updates
Insurers Contest DAE Claim over Aircraft Stranded in Russia
Lloyd’s of London, AIG, Chubb, Swiss Re, and seven other insurers contend that they are not obligated to pay
DCW Updates
Bad Standby LC Wording from Beneficiaries: Push Back or Get Pulled In
A chronic concern for banks is when intended LC beneficiaries – often government agencies, municipalities, insurance companies, and other so-called power
DCW Updates
ICC Opinions Discussed at January 2023 Session
Three Draft Opinions were presented for discussion at the ICC Banking Commission’s latest quarterly meeting on 31 January 2023.
DCW Updates
In Memoriam: Rita Ricci (1959-2023)
The Trade Finance community was deeply saddened at the passing of Rita Ricci on 14 January 2023 after her courageous