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 Litigation Digest
KEB Hana Bank v. Korea Export Insurance Corporation [2022]
Standby LC Issuer sued Counter Guarantor on Extend or Pay Request.
6 min read
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DCW Litigation Digest
Luoyang Aviation Construction Co. v. Korea Kookmin Bank [2025]
Case heard by China's Supreme People’s Court deals with questions regarding alleged fraud and the nature of a transferable credit under UCP600 Article 38.
DCW Litigation Digest
ANZ Bank, Manila Branch v. China National Electric Engineering Co., Ltd. & Bank of Jiangsu [2024]
Retrial application dismissed in case involving a dispute over alleged fraud and application the PRC Independent Guarantee Provisions to a standby LC governed by ISP98.
DCW Articles
Don’t Walk Away: A Tried and Tested Alternative to “Pay and Walk”?
Practice rules for independent undertakings do not address "pay and walk" clauses that are being used in some regions and shunned by others. Here, David Williams puts forth an alternative option for consideration.
DCW Litigation Digest
Ryobi Tactics Pte Ltd. v. UES Holdings Pte Ltd.
Applicant sued, claiming that demands on four performance bonds were unconscionable.
