LCs That Contain a Law and Jurisdiction Clause

Given the success of practice rules and banks’ ability to more readily find resources for the proper interpretation of the rule sets, does it not make sense to avoid inclusion of a governing law or jurisdiction clause?

The recent case of Illinois DNR v. Regions Bank illustrates the importance of clear wording of automatic extension clauses and issuing banks including a final expiration date in their standbys.

DCW Updates

Hong Kong Police Arrest Five Suspects on Charges of Using False LCs

DCW Newsroom Apr 9, 2025

Five individuals attempting to convert letters of credit into USD 10 billion at a bank in Hong Kong on 10 February 2025 were arrested by local police officers after bank staff determined the documents to be fraudulent.

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DCW Monthly: August 2025

LCs That Contain a Law and Jurisdiction Clause

Automatic Extension LC Issues

Hong Kong Police Arrest Five Suspects on Charges of Using False LCs

Read the full story

Read next

DCW Monthly: August 2025

LCs That Contain a Law and Jurisdiction Clause

Automatic Extension LC Issues

Hong Kong Police Arrest Five Suspects on Charges of Using False LCs

Read the full story

Read next

DCW Monthly: August 2025

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