This month’s edition emphasizes how seemingly small drafting choices and operational decisions can lead to substantial legal and compliance
At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It
Following its January 2026 quarterly discussion session, the ICC released on 11 February 2026 results and points of analysis from
ISP98 Model Form 7 is a template for a Standby Letter of Credit (SBLC) requiring Confirmation.
ISP98 Model Form 8 is a template for a Confirmation of a Standby Letter of Credit (SBLC).
The lack of a common nomenclature for counter undertakings invites problems for practice and has plagued the industry for decades. It doesn't have to be this way.
💡Editor’s Note: This query generated an exchange of emails among a group of DCW Editorial Advisory Board members whose
Should an issuing bank pay if presented documents comply, but it learns of recent news that an entity involved within
The Problem UCC 5-106(b) provides: “After a letter of credit is issued, rights, and obligations of a beneficiary, applicant,
How LC Proceeds Impact Bankruptcy Damage Caps: Explore how a U.S. court ruled LC proceeds as security deposits under bankruptcy caps, reshaping landlord claims and issuer risks.
Case deals with bill of lading consigned to order without naming a person to whose order it was consigned and party which bears the risk of delivery without having taken up the bill of lading.
Part of the Solo Industries frauds, this is the appellate court review of the trial court. Beneficiary Solo Industries sued issuer Canara Bank for wrongful dishonor.
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