October 2025
DCW Monthly: December 2025
As the year draws to a close, this month’s DCW focuses on the issues likely to carry into 2026.
DCW Articles
Views on ICC Opinion TA954
Because standbys and demand guarantees often contain automatic extension clauses, ICC Opinion TA954 offers important lessons for practice and the need for sound drafting of such clauses.
4 min read
I have read Li Huang’s comments on ICC Opinion TA954 published in DCW with great interest.
Despite the fact that Opinion TA954 was approved smoothly during the October 2025 online ICC Banking Commission meeting (majority NCs agreed, with some minor comments), it is worth mentioning that there have been different views on the matter.
Above all, the ICC Banking Commission technical advisors were of the view that the issue was very marginal, claiming that it should have been treated as an Educational Opinion. I beg to differ.
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DCW Updates
Australia Progresses toward MLETR Implementation
The Australian Standing Council of Attorneys-General (SCAG) issued a Communique on 14 November 2025 on a range of agreed issues,
DCW Updates
Egypt Sets Mandatory Date for Air Cargo Import Requirements
The Egyptian Customs Authority has formally announced that the mandatory application of the Advance Cargo Information (ACI) system for air
DCW Updates
ICC Clarifies Opinion Withdrawal Process
The ICC Banking Commission has released a Steering Committee Statement to its members and ICC National Committees regarding withdrawal of
DCW Updates
In Memory of James G. Barnes
I had the privilege of knowing Jim, or “Dr. Barnes” as he was respectfully called, for almost 40 years. We
