In Memoriam: James Barnes
The trade world was saddened by the news of the loss of one of our own: Jim Barnes. Below are
Latest news (Page 42)
DCW Conference Report
2023 Americas Annual LC Survey • Executive Summary (Part 1)
Part 1 Executive Summary of IIBLP's Americas Annual LC Survey in 2023
DCW Updates
ICC Initiates Proposal on API Industry Standards for Guarantees & Standbys
On 5 June 2023, the ICC Banking Commission released the findings and proposals of its working group concerning API Industry
DCW Feature
Fraud: Losses, Losers, and LOIs
Within the recent past, trade finance banks have suffered billions in losses due to fraud. This has obliged many banks to reconsider their role in financing trade flows whilst others have simply abandoned the business. Citing Glencore, Navig8 Armetrine, and Hin Leong
DCW Updates
Indian Corporate First to Use SWIFT India’s e-Bank Guarantee Platform
Natural gas company GAIL Limited, in coordination with Axis Bank, has announced it is the first Indian corporate to go
DCW Updates
Bangladesh Curbs TBML
On a positive note, Bangladesh has experienced a sharp decline in trade-based money laundering in recent months “following intensifying monitoring
DCW Updates
US Agencies Issue Followup Alert on Russian Evasion Attempts
Further to their June 2022 release of a joint alert, US Treasury’s Financial Crimes Enforcement Network (FinCEN) and the
DCW Updates
Legislative Bill Introduced in New York to Advance Electronic Records
A bill to amend New York State’s Uniform Commercial Code (UCC) and adopt a new Article 12 (Controllable Electronic
DCW Updates
Jin Provides Update on Standby LC Cases of Significance in China
Prominent Chinese lawyer Saibo Jin alerted delegates at the IIBLP Annual Survey of LC Law & Practice in Hong Kong
DCW Articles
Chats and Balances: Human Oversight Will Dictate ChatGPT’s Utility for Trade Finance
ChatGPT and human oversight for drafting and reviewing LC transactions in the AI age.
DCW Litigation Digest
UniCredit Bank A.G. v. Glencore Singapore Pte. Ltd. [2022]
Unreimbursed LC Issuer alleged sham transaction between Beneficiary and insolvent Applicant.
