October 2025
DCW Monthly: October 2025
From digital trade to defense finance, this month we're looking at how law and policy continue to evolve
DCW Updates
ICC Banking Commission Conducts Strategic Meeting
ICC Banking Commission meets in Singapore to discuss UCP revision, Basel III advocacy, ICC Trade Register expansion, and digital trade finance.
5 min read
The ICC Banking Commission held a half-day strategic meeting on 4 September 2025 for purposes of sharing views on local initiatives of ICC National Committees and key priorities of the Commission regarding regulatory strategy for trade finance, enhancement of the ICC Trade Register, and digitalisation of trade finance. Hosted by the Singapore Business Federation (SBF), attendance was open to those participating in-person and others joining via Zoom.
In his welcome remarks, ICC Banking Commission Chair Florian Witt reminded of the Commission’s role and mission of promoting trade finance through advocacy & representation, collaboration, data, and – most importantly – market practice. Witt highlighted the cost and time-saving utility of UCP. Without this rule set, parties would have to agree bilaterally on each deal.
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DCW Updates
Singapore Court Upholds Running Account Despite Sham Deals
When businesspeople engage in mutual business dealings and loans to each other under multiple corporate entities they operate but their
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Ugandan Bank Entitled to Recover through Properties Sale
The High Court in Kampala (Uganda) upheld an appellate court decision on 25 July 2025 that Equity Bank lawfully sold
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Edward Stoltenberg to join DCW Editorial Advisory Board
Documentary Credit World is pleased to announce the addition of Edward R. Stoltenberg to our Editorial Advisory Board (EAB). Edward
DCW Updates
Usance Payment at Sight LCs as a Conduit to Supply Chain Finance
Recent writing has explored the notion that usance payment at sight (UPAS) letters of credit serve as an effective trade