August 2026
DCW Monthly: August 2026
Every industry eventually meets the bill for a problem it saw coming and filed away for later. Michael Byrne, IIBLP&
DCW Litigation Digest
Kuliarchar Sea Foods (Cox’s Bazar) Ltd. v. Soleil Chartered Bank [2023]
Seller/Beneficiary moved for default judgment; Issuer alleged previous order required correction.
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DCW Litigation Digest
Moeve Trading SAU v. Mael Trading FZ LLC
In case where Seller pursued claim for purchase price, court determined LCs were conditional, not absolute, forms of payment.
DCW Litigation Digest
Universal Property Services, Inc. v. Lehigh Gas Wholesale Services, Inc.
Case involved LCs containing a condition that Issuing Bank would only honor demands if Applicant first furnished indemnification to Issuing Bank.
DCW Litigation Digest
Evergrowing Bank Co., Ltd. v. Sambu Shipping Co., Ltd.
Case from China's Jiangsu High People’s Court involving issuing bank suing carrier for compensation for carrier’s release of cargo against applicant’s letter of indemnity in lieu of original bill of lading contains important lessons for banks.
DCW Litigation Digest
Ningbo Nanheng Import & Export Co., Ltd v. Shinhan Bank Corp. [2021]
The legal consequences of backdating paper bills of lading under letters of credit and use of surrendered bills of lading emerge from the China case, Ningbo Nanheng Import and Export Co. Ltd. v. Shinhan Bank Co.
