DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
Latest news (Page 72)
DCW Updates
India: Arbitration appeal dismissed in ARSS-SIPS v. Union of India
The High Court of Chhattisgarh, Bilaspur, has dismissed an arbitration appeal against a commercial court order, rejecting an application to enjoin payment of a performance bank guarantee.
DCW Updates
UAE Central Bank Fines Unnamed UAE Bank for Poor AML Systems
The Central Bank of the UAE (CBUAE) has assessed a AED 19.5 million (USD 5.3m) financial sanction on UAE bank for poor AML / Sanctions systems
DCW Updates
How to Determine What Constitutes a Banking Day
The definition of “Banking Day” in UCP600 Article 2 ¶ 3 requires interested and affected parties to look outside the terms of the UCP to determine what days are actually banking days.
DCW Updates
Bangladesh Bank Requires Back-to-Back LC Reporting
BANGLADESH: Bangladesh Bank, the central bank, issued a circular regarding banks’ duty to report required data of back-to-back LCs to
DCW Text & Forms
Inappropriate References to Agency Revisited
Further to DCW’s Nov/Dec 2021 Feature, “When is a Guarantee ‘Issued’?”, and comments on how US Revised UCC Article 5 brought clarity to determining when an LC was issued, DCW reprints here the section of a 1993 Study on inappropriate reliance on agency principles.
DCW Articles
What Are We Supposed to Do? A Practical Approach to Sanctions Clauses
The position of a banker in the trade finance environment includes trying to reconcile opposite demands of a buyer and a seller.
DCW Feature
Originality of Paper and Electronic Documents (Part 1)
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 1 of an article series.
DCW Updates
LSTA’s Revolving Credit Agreement: Hear from the Experts
Hear from Mike Avidon, Bridget Marsh and Jeffrey Nagle on the latest from the LSTA's Syndicated revolving credit agreement.
DCW Litigation Digest
ARSS – SIPS (JV) v. Union of India [2021]
ARSS – SIPS (JV) v. Union of India involving the seeking of an injunction on payment under a performance guarantee was heard by the Honourable Shri Sanjay K. Agrawal and Shri Arvind Singh Chandel of the High Court of Chhattisgarh at Bilaspur.
