DCW Updates
DCW Monthly: June 2025
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
Latest news (Page 47)
DCW Updates
Egypt to Ease Foreign Currency Restrictions
Following an August 2022 change in its leadership, the Central Bank of Egypt has eased foreign currency restrictions by permitting
DCW Litigation Digest
The “STI Orchard” [2022]
OCBC sues STI Orchard and Winson Oil over losses in a deal with Hin Leong Trading involving 780,000 barrels of gasoil, leading to fraud-related losses. The transaction aimed at selling 36,000 mt of gasoline to PT Pertamina after blending.
DCW Updates
Compelling Compliance Issues Identified and Examined
In a recent discussion of hot-button issues impacting compliance in the US, industry specialists identified and addressed five areas: * the
DCW Articles
Summary of Expert Report by Gary Collyer
Key takeaways from expert report issued in the KEB Hana Bank v. Korean Export Insurance Corporation court case.
DCW Updates
Commercial Litigator Stan Lane Retires
After a 41-year career practicing commercial litigation at Otterbourg, Stanley L. Lane, Jr. retired from the New York law firm
DCW Articles
Kris Siebel Reflects on Standout Standby LC Career
A career in standby LCs - reflections from Kris Siebel of Societe Generale.
DCW Updates
ICC Draft Opinion for October 2022 Meeting Released
One Draft Opinion will be discussed at the ICC Banking Commission’s next quarterly meeting in October 2022. The Draft
DCW Updates
EU Advises LC Issuers, Others to Conform to Russian Oil Import Prohibitions
On 3 August 2022, the European Union issued notice to operators in which it granted “specific and temporary derogations and
DCW Updates
Bangladesh Foreign Currency Retention Policy
On 16 Aug, Bangladesh Bank’s Foreign Exchange Policy Department issued FE Circular Letter No. 31 to clarify that foreign
DCW Updates
US Agencies Issue Alert on Export Control Evasion Tactics
US Treasury’s Financial Crimes Enforcement Network (FinCEN) and the US Department of Commerce’s Bureau of Industry and Security
DCW Litigation Digest
KEB Hana Bank v. Seoul Insurance Corporation [2021]
Korean Supreme Court dismisses Instructing Bank's appeal in URDG458 case [2021]. Extend or Pay request ruled invalid; Counter Indemnitor not obliged to pay. Learn more about the construction dispute.
