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.
Latest news (Page 46)
DCW Litigation Digest
Lexon Insurance Co. v. FDIC [2021]
Beneficiary argued that LCs are not contracts or leases and that FDIC as Receiver of closed Issuer lacked the authority to repudiate.
DCW Updates
In a Word, Absurd
Seeking monetary damages of “$800.00 billion dollars” plus “$300 billion cash down payment for 20 years guarantee on 705
DCW Updates
LC Implications from the Fallout of the SVB, Signature Bank Failures
The abrupt mid-March 2023 closures of Silicon Valley Bank (SVB) and Signature Bank sent shockwaves through the US banking system
DCW Government Report
FDIC Establishes Signature Bridge Bank, N.A., as Successor to Signature Bank, New York, NY
The FDIC has established Signature Bridge Bank as the Successor to the failed Signature Bank to function as the bridge bank successor until FDIC stabilization.
DCW Feature
Originality of Paper and Electronic Documents (Part 3)
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 3 of a three part series.
DCW Updates
Pakistan Prioritizes LCs for Tea
In advance of Ramadan 2023, the Pakistan government listed tea as an essential commodity in order to meet high domestic demand for tea, and the government ordered State Bank of Pakistan to issue mandatory instructions for banks to open letters of credit for tea, declaring tea a ‘primary import’.
DCW Updates
Boxing Day in Dubai
An easy read summary of a conversation between industry heavyweights Robert Parson and Vin O'Brien on practical and legal aspects of bills of lading.
DCW Updates
Implications for Trade Finance of Proposed 2022 UCC Amendments
Potentially game-changing amendments have been proposed for the Uniform Commercial Code (UCC) to govern commercial transactions, including Articles 2 (Sales), 3 (Commercial Paper), 5 (Letters of Credit), and more.
DCW Updates
ICC Introduces eUCP Directory Project
The ICC Banking Commission has announced its intention to compile an eUCP Directory in order to bring attention to banks’ capacities to handle eUCP letters of credit.
DCW Updates
Standby LCs and Non-Extension Clauses
Bankers share opinions on what it means when a non-extension notice is sent more than 60 days prior to expiry, but then LC extended 6 months anyway.
