DCW Monthly: March 2026
This month’s content highlights a familiar reality in letter of credit law & practice: structure alone does not guarantee
Latest news (Page 18)
DCW Articles
Under LC Rules, What is a Complying Certification of a Court Order?
Beyond questions on the rule of strict construction of LC terms, the In re Spiegel case should engender a discussion of the requirements of UCP vs. ISP on what certified means with respect to a government or court-issued document.
DCW Updates
Why So Few ICC Opinions?
In 2022, the ICC Banking Commission began handling and discussing ICC Opinions on a quarterly basis instead of on a
DCW Updates
New EAR Controls Prompt Considerations for Banks Serving Semiconductor Industry Clients
A presentation made at a recent meeting of LC bankers offered insights regarding specialists’ understanding of US regulatory requirements with
DCW Updates
Bankruptcy Decision on Standard for Review of LC Documents Affirmed on Appeal
After an adverse judgment levied civil sanctions against Marshall Spiegel (Debtor) for vexatious and abusive litigation practices, Debtor/Applicant applied
DCW Updates
Canadian Company’s Operations Suspended Due to Expired LC
Best Theratronics Ltd., a Canadian-based manufacturer of equipment used to treat cancer, is prohibited from resuming operations at its plant
DCW Updates
Mutual Trust Bank, ITFC Sign Agreement to Bolster Trade Finance
Bangladesh’s Mutual Trust Bank PLC announced on 4 March 2025 its signing of a Master Murabaha Agreement with the
DCW Updates
US Supreme Court Asks for Clarification of Government’s Obligations Regarding USAID Payments
In proceedings relating to a challenge of the Trump Administration’s temporary pause of foreign-assistance payments to businesses and organizations
DCW Litigation Digest
Iberdrola Energy Projects v. Oaktree Capital Management LP [2024]
Contractor-applicant appealed dismissal of complaint against principal of insolvent beneficiary and judgment debtor.
DCW Readers Speak
Indian Cases: Often Misunderstood and Misreported
Having seen your recent installment of DCW Scam Survey covering Indian cases (Indian Importer, Officials Booked for Cheating Tied to
DCW Scam Survey
P&R Containers’ Reputation, Business Habits Masked EUR 3 Billion Shell Game
P&R Containers was not a run-of-mill investment scam. And that contributed heavily in making it one of Germany’
TBML
Customs Evasion Rampant, Says Dhaka Tribune
Coal and stone imports from India coming into Bangladesh’s Sonahat Land Port and Chilmari River Port are being misdeclared
ISP98 Model Forms
ISP98 Model SBLC Forms
The ISP98 Model Forms are fillable templates written by bankers and lawyers, and are aligned with ISP98 (ICC Publication No. 590), the most widely used rules for standbys.