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 25)
DCW Updates
US Treasury Designates Faciltators of Russian Sanctions Evasion
On 20 April 2022, U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russian bank,
DCW Updates
EU Adopts Fifth Round of Sanctions Against Russia
On 8 April 2022, the Council of the European Union imposed restrictive measures against an additional 217 individuals and 18
DCW Updates
Michael Evan Avidon Named 2022 Letter of Credit Lawyer of the Year
The Institute of International Banking Law & Practice (IIBLP) has named Moses & Singer LLP Partner Michael Evan Avidon as
DCW Updates
Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes
Celestial Aviation Services, a subsidiary of Irish-based aircraft leasing giant AerCap, filed a USD 45.8m suit in London
DCW Updates
Live from Dubai … ICC UAE Hosts Global Trade Facilitation Summit
The 2022 Global Trade Facilitation Summit, a two-day event providing opportunity for international trade, finance, and business professionals to
DCW Updates
Bangladesh Bank LC Settlements Jump 50%
According to figures released by Bangladesh Bank, the country’s central bank, settlement of import LCs jumped nearly 50% to
DCW Updates
Egyptian Banks Report LC Openings up 87%
Egyptian banks opened LCs worth USD 11.6 billion over a six-week stretch from 1 March to mid- April 2022
DCW Updates
Majority of Jets Leased to Russia Remain Unrecovered
Foreign leasing companies which have supplied Russia’s airline industry with more than half of its 980 aircraft fleet recovered “only a fraction” of the jets
DCW Updates
Sri Lanka Gov Purchased Coal from Russian Trader
According Reuters reporting, a Sri Lankan government official has affirmed that the country has purchased two cargoes of 60,000
DCW Updates
Trade Lens’ eBL Solution to be Integrated into Bolero’s Galileo Platform
Trade Lens’ eBL Solution to be Integrated into Bolero’s Galileo Platform
DCW Updates
FATF Updates Its Listing of Jurisdictions Under Increased Monitoring
The Financial Action Task Force (FATF) identified 23 jurisdictions under increased monitoring in October 2021 which are actively working with
DCW Updates
Use of Performance Bonds Increasing in Tanzania
A report by Clyde & Co Partner Tenda Msinjili and Associate Amreen Ayub suggests that use of performance bonds in