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.
DCW Litigation Digest
Lexon Insurance Co. v. FDIC [2021]
Beneficiary argued that LCs are not contracts or leases and that FDIC as Receiver of closed Issuer lacked the authority to repudiate.
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DCW Updates
Weiss Decries US FCC Changes to Screening Standards for LC Issuing Banks
Following response in mid-2024 to proposed changes to its rules regarding letters of credit for recipients of high-cost competitive bidding
DCW Litigation Digest
Majestic Rayon Corp. v. Soho Office Suites, LLC
Landlord sued Lessee for use and occupancy of commercial lease.
DCW Litigation Digest
Bintai Kindenko Pte Ltd. v. Samsung C&T Corp.
On appeal, Court considered whether trial court: erred in holding that Subcontractor/Applicant was contractually precluded from relying on the unconscionability exception; correctly held that Contractor/Beneficiary’s demand was not fraudulent; and erred in declining to discharge the injunction.
DCW Litigation Digest
Tracy v. Surofchek [2025]
Appeal of denied bill of costs obtaining supersedeas LC.