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
Although automatic extension is not addressed in the URDG758 rules, the ISDGP articulated in 2021 contains provisions to help interpret such terms if included in a demand guarantee.
Automatic extension clauses in standby letters of credit and demand guarantees have sparked a lot of discussion recently. The case of Starr Indemnity v. Midwest Mortgage decided in New York and analyzed in the March 2026 DCW edition by Paul Roder has caused a stir and therefore it is interesting to consider what ISDGP (International Standard Demand Guarantee Practice) that supplements the URDG758 has to say about automatic extension.
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
Although not defined in UCP600, the expression “third party documents” in LC practice is commonly taken to mean documents issued
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