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 ongoing effort to revise ISBP 821 (2023) has now reached an advanced stage with an updated Draft 3 revision released on 2 April 2025.
Accompanying its release of the Draft 3 text, the ICC Banking Commission sent out a file consolidating feedback received from 25 ICC National Committees (NCs) on the previous draft. In several instances, NCs offered comments which were determined to be outside the scope of the approved course of action. In mid-2024, NCs chose to pursue a limited ISBP revision of 43 identified issues.
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
Since a draft was included in the presentation at issue in ICC Opinion TA.948, it prompts important questions about examination not only under UCP but also under bills of exchange law.
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
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