How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
Canada's Court of Appeal of Alberta affirmed trial judgment, dismissing LC Applicant's appeal and terminating short term interim injunction.
DCW reports quarterly LC issuance statistics from the top 600 banks headquartered in the U.S.
On 24 June 2024, the European Union adopted its 14th round of sanctions (EU Regulation 2024/1745), amending EU Regulation
Energy LEAP, an organization comprised of energy trading, service and association entities, drafted and released wording in April 2023 for
Citing passage of the 2023 UK Electronic Trade Documents Act and building momentum across the legal, banking, business, and technology
In a high profile case involving standby letters of credit issued in connection with aircraft leases to Russian airlines and
The onset of the global pandemic in March 2020 necessitated immediate and sometimes drastic changes in how banks and other
United Nations Commission on International Trade Law (UNCITRAL) Working Group VI (Negotiable Cargo Documents) held its 44th Session at the
England and Wales’ High Court of Justice has determined that legal proceedings between aircraft leasing companies and insurers over aircraft
On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities,
Global trade & commerce – and specifically letters of credit – rank among the “Top 10 Use Cases for Blockchain”, according to
Further to previous DCW reporting of a scam involving use of a bogus document labelled a standby letter of credit
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