DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
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This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
The High Court of Chhattisgarh, Bilaspur, has dismissed an arbitration appeal against a commercial court order, rejecting an application to enjoin payment of a performance bank guarantee.
The High Court of Chhattisgarh, Bilaspur, has dismissed an arbitration appeal against a commercial court order, rejecting an application to enjoin payment of a performance bank guarantee. In ARSS – SIPS (JV) v. Union of India, the High Court determined that the commercial court “rightly held that the appellants have failed to plead and establish the grounds of ‘fraud’, ‘special equity’ and ‘irretrievable injustice’ to the appellants for seeking interim injunction against the enforcement of bank guarantee.”
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
In a highly anticipated ruling, the English High Court concluded that AerCap Ireland Limited and other lenders who lost aircraft
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Contemporaneously with its release of its latest Draft Opinions on 6 June 2025, ICC issued a one-page memorandum note regarding
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