DCW Monthly: June 2025
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
Landlord sued Lessee for use and occupancy of commercial lease.
On appeal, Court considered whether trial court: erred in holding that Subcontractor/Applicant was contractually precluded from relying on the unconscionability exception; correctly held that Contractor/Beneficiary’s demand was not fraudulent; and erred in declining to discharge the injunction.
Appeal of denied bill of costs obtaining supersedeas LC.
Applicant appealed Singapore trial court decision granting partial injunction on performance bond.
Bench trial for negligent misrepresentation claim by beneficiary against advising bank.
After an adverse judgment levied civil sanctions against Marshall Spiegel (Debtor) for vexatious and abusive litigation practices, Debtor/Applicant applied
Contractor-applicant appealed dismissal of complaint against principal of insolvent beneficiary and judgment debtor.
Issuer ICBC applied to stay action alleging forum non conveniens.
Applicant Consolidated Electrical Distributors ex parte motion for temporary restraining order against issuer Bank of America.
Contractor Shinetec (Australia) and parent company Shanxi Construction Investment Group (standby applicant) appealed dismissal of claims against beneficiary The Gosford.
Approving letter of credit to serve as supersedeas.
Beneficiary Bayport Polymers appealed temporary injunction restraining presentation of LC documents.
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