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 49)
DCW Updates
ICC Opinion TA925rev Finalized
One ICC Opinion, TA925, was discussed at the ICC Banking Commission’s latest quarterly meeting on 12 July 2022 and
DCW Updates
Aviation Litigation Takes Off, Aircraft Stranded in Russia
Even in the initial weeks following imposition of sanctions after Russia’s February 2022 invasion of Ukraine, the aviation industry
DCW Updates
In Memoriam: Vincent M. Maulella, the Irrepressible One
Vincent M. Maulella, longtime banker, U.S. Army veteran, and father of four, passed away on 25 June 2022 at
DCW Updates
Economic Sanctions: Introducing Uncertainty into Trade Instruments?
Economic sanctions challenge lawyers to navigate compliance and regulatory interpretations. The historical case of Shanning International v. Lloyds TSB Bank highlights the ongoing nature of demand guarantees amidst changing sanctions. Recent US OFAC views also complicate trade finance obligations.
DCW Articles
The Metaverse is the Tipping Point in the Evolution of Trade Finance
The evolution of trade finance from manual processes to digitalization is now advancing into the metaverse. Emerging technologies like augmented reality and virtual reality, facilitated by the metaverse, promise enhanced security, authentication, and timestamping.
Demand Guarantees
Originality of Paper and Electronic Documents (Part 2)
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 1 of a three part series.
DCW Updates
ICC Rules or Practices Revision? Stay Tuned
Regarding possible revision of ICC Rules and/or Practices, the ICC Banking Commission announced on 12 July 2022 that the
Standby LC
KEB Hana Bank v. Korea Export Insurance Corporation [2022]
Standby LC Issuer sued Counter Guarantor on Extend or Pay Request.
DCW Updates
Equador Cautions Trafigura of Russian Origin Diesel Discharge
Petroecuador, Ecuador’s state oil company, has cautioned Trafigura Group about avoiding importing fuel of Russian origin after the commodity trader reportedly “finished discharging a cargo of mostly Russian diesel at the Ecuadorian port of Esmeraldas”
DCW Updates
IMF Funds USD 1.1b to Pakistan
Following its review under the Extended Fund Facility (EFF) for Pakistan, the International Monetary Fund (IMF) announced on 29 August an immediate disbursement of USD 1.1b in financial assistance to Pakistan.
DCW Updates
Does Air Waybill Satisfy “Any Airport in China” LC Requirement?
In a recent discussion, US west coast bankers considered a Commercial Export LC indicating in SWIFT Field 44F: “Port of