July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
346 articles
(Page 2)
DCW Updates
Trafigura Wins Nickel Fraud Case, Recovery Process Begins
In Trafigura PTE Ltd. v. Gupta[[1]], a London High Court ruled in favor of Trafigura in its USD 500
DCW Updates
Auditors Found Guilty of Failing to Detect LC Fraud
The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI) has found that two auditors of an Indian
DCW Updates
Maritime Piracy & Robbery at Five-Year High
Reported incidents of piracy and armed robbery against ships worldwide in 2025 reached their highest level since 2020 according to
DCW Updates
Nigerian Court Freezes Funds of Bank Tied to LC Dispute
A Nigerian court has instructed the freezing of Nigerian Naira 7.15 billion (USD 5 million) at a bank accused
DCW Conference Report
2025 ABA Financial Crimes Enforcement Conference: Executive Summary
The American Bankers Association’s 37th Financial Crimes Enforcement Conference took place in Arlington, Virginia in October 2025, as banks and regulators grappled with AML reform, rising fraud, stablecoins, and the growing impact of AI on financial crime controls.
DCW Updates
MUFG Manila Issues Standbys Supporting Renewable Energy Projects
Following official launch of its sustainable trade solutions in the Philippines in November 2025, MUFG Bank, Manila Branch has issued
DCW Conference Report
2025 Americas LC Law Summit: Executive Summary
For the 26th consecutive year, the IIBLP conducted its one-day Americas Letter of Credit Law Summit. Held in New York City on 5 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
DCW Updates
ICC Clarifies Opinion Withdrawal Process
The ICC Banking Commission has released a Steering Committee Statement to its members and ICC National Committees regarding withdrawal of
DCW Updates
ICC Releases Draft Opinion for January 2026 Session
Just one Draft Opinion will be addressed at the ICC Banking Commission’s next quarterly discussion on 27 January 2026.
DCW Conference Report
2025 Americas Standby & Guarantee Forum: Executive Summary
For the 19th consecutive year, IIBLP conducted its Americas Standby & Guarantee Forum. Held in New York City on 4 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
DCW Updates
Singapore Court Affirms Judgment, Rejects Applicant’s ISP98 Arguments
In DJY v. DJZ[[1]] involving a standby letter of credit, the Appellate Division of Singapore’s High Court dismissed
DCW Updates
2025 ICC Trade Register Released
On 4 November 2025, ICC announced availability of its 2025 Trade Register. First produced in 2010, the ICC Trade Register