At its quarterly meeting on 21 July 2026, the ICC Banking Commission reviewed and finalized six Opinions, including four dealing
Beyond discussion and finalization of six ICC Opinions at its quarterly Technical Advisory Session on 21 July 2026, the ICC
The matter of force majeure was addressed in the first version of UCP[[1]] in 1933 and largely resembles the
At its quarterly meeting on 21 July 2026, the ICC Banking Commission reviewed and finalized six Opinions, including four dealing with queries submitted by ICC Czech Republic. The Banking Commission’s Technical Advisory Team commended the group of 32 ICC National Committees (NCs) that commented on the set of draft opinions in advance of the meeting.
ICC Opinion TA959 involves a demand under a URDG 758 counter-guarantee that was deemed non-compliant and refused. Thereafter, the counter-guarantee expired without any formal release being received from the guarantor. The query asks whether the counter-guarantor may cancel its counter-guarantee and close its records without having received any release notice from the guarantor.
Beyond discussion and finalization of six ICC Opinions at its quarterly Technical Advisory Session on 21 July 2026, the ICC
The matter of force majeure was addressed in the first version of UCP[[1]] in 1933 and largely resembles the
Although not defined in UCP600, the expression “third party documents” in LC practice is commonly taken to mean documents issued
Banks are increasingly turning to risk-sharing structures to manage regulatory capital, control funding costs, and expand capacity.
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial
