DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
Latest news (Page 61)
DCW Updates
In Memoriam: Francis Ho
Long-time trade finance operations manager Francis Ho died 1 October 2022. Francis who started in banking in October 1972
DCW Updates
Singapore Court Dismisses Bank’s USD 37m Claim Related to Hin Leong Transaction
In UniCredit Bank A.G. v. Glencore Singapore Pte. Ltd. decided 21 October 2022, the High Court of Singapore dismissed
DCW Updates
South African Banking Law Expert Charl Hugo Honored
On 27 October 2022, Professor Charl Hugo, one of South Africa’s leading banking law experts was honored with a
DCW Feature
Case Illustrates Perils of Drafting LC Draw Caps and Handling Non-Standard LC Transactions
In Natixis Funding Corp. v. GenOn Mid-Atlantic, the 5th Circuit addresses crucial aspects of letter of credit practice, exploring prepayment, collateralization, structured finance, indemnities, good faith limits, and consequences of drafting errors.
DCW Litigation Digest
The “Navig8 Ametrine” [2022]
In a complex legal saga involving the purchase of light naphtha, a letter of credit mishap, and a cargo delivery dispute, the High Court of Singapore explores issues of contractual breach, the lawful holder status of bills of lading, and the application of English and Singapore law.
DCW Articles
Eurobank Ergasias S.A. v. Bombardier Inc.:
Guarantors Caught Between Home Courts That Do Not Apply the Fraud Exception and Courts in the Counter-Guarantor's
DCW Updates
Electronic Trade Documents Bill Introduced in UK
On 12 October 2022, HL Bill 57 – the Electronic Trade Documents Bill – was presented before the United Kingdom Parliament. The
DCW Articles
Technical Advisory Briefing #4 on Lost Documents Should Cause Much Relief for Practitioners
The ICC Banking Commission's TAB#4 sheds light on UCP600 Article 35, assuaging concerns about lost documents. The clarification emphasizes the LC issuer's responsibility to honor compliant drawings, even if documents are lost in transit between nominated banks, providing relief to practitioners.
DCW Litigation Digest
Project Stewart, LLC v. JPMorgan Chase Bank, N.A. [2022]
Beneficiary sued Issuer for Wrongful Dishonor.