Because standbys and demand guarantees often contain automatic extension clauses, ICC Opinion TA954 offers important lessons for practice and the need for sound drafting of such clauses.

Latest news (Page 30)

DCW Feature

What to Watch for: Six Trends in Letter of Credit Practice | Revisited

In 2012, Professor James E. Byrne identified six emerging trends affecting the continued value and profitability of LCs. In their capacity as DCW Editorial Advisory Board members, experienced practitioners offer commentary

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Commercial LCs

What to Watch For: Six Trends in Letter of Credit Practice (2012)

Looking back at Professor James E. Byrne's 6 predictions for LCs in 2012 - see how they hold up.

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DCW Scam Survey

Ninety-Six Year Old, Two Others Sentenced in 1995 Fraud Case in India

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DCW Updates

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DCW Scam Survey

HK Company Director Jailed for Offering Bribe for Standby LC Acceptance

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DCW Updates

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DCW Litigation Digest

AECOM Technical Services, Inc. v. Credit Agricole CIB [2023]

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DCW Articles

Letter Of Credit Court Cases Under Chinese Bankruptcy Law And Procedures: A Review And Analysis

Explores the legal intricacies of letters of credit in bankruptcy through notable Chinese court cases, highlighting the risks banks face and the importance of collateral in LC transactions.