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 61)
DCW Updates
Sri Lanka: Importers now Insisting on Confirmed LCs
As the country’s foreign exchange shortage worsens, regular suppliers of imports who previously extended credit terms are now insisting on confirmed LCs.
DCW Feature
Modifications and Exclusions of UCP600 Articles in Commercial Letters of Credit
Practical advice for modifying and excluding UCP600 articles in commercial letters of credit.
DCW Updates
Stevenson Appointed SVP of Trade at BAFT
Longtime trade finance expert Scott Stevenson joined BAFT as Senior Vice President of Trade in 2021.
DCW Updates
England’s Vexing Guarantee Legacy: Can Better be Done?
Did English courts finally define the difference between a surety guarantee versus a demand guarantee?
DCW Updates
Joint Motion for Protective Order Granted in Zions
US Court granted a joint motion for a protective order in breach of contract action Zions v. JPMorgan.
DCW Conference Report
January 2022 ABA/ABA Financial Crimes Enforcement Conference: Executive Summary
The American Bar Association and the American Bankers Association (ABA) jointly hosted their 33rd Financial Crimes Enforcement Conference as a virtual event, 11-13 January 2022.
DCW Updates
Additional ICC Technical Advisory Briefing Topics Identified
Following the release of TAB-1, the ICC announced three future TABs for 2023 and beyond.
Demand Guarantees
ISDGP and Advising Banks: For a Flexible, Pragmatic Interpretation of Control on Behalf of the Issuer
On 31 March, 2021, the long-awaited International Standard Demand Guarantee Practice (ISDGP) Publication No. 814E, a complement to URDG758 documenting
Litigation Digest
AXA Insurance Pte Ltd v Chiu Teng Construction Co Pte Ltd
In AXA v. Chiu Teng, Singapore’s top court confirms liability under a performance bond absent a prior ruling or admission of breach. The case highlights the importance of precise drafting and reinforces the binding nature of bond terms over labels like “guarantee” or “on-demand.”
