August 2026
DCW Monthly: August 2026
Every industry eventually meets the bill for a problem it saw coming and filed away for later. Michael Byrne, IIBLP&
DCW Litigation Digest
Malayan Banking Berhad v. Punjab National Bank [2022]
Negotiating Bank sued LC Issuer for breach of reimbursement undertaking.
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DCW Updates
ICC Finalizes Six Opinions at July 2026 Session
At its quarterly meeting on 21 July 2026, the ICC Banking Commission reviewed and finalized six Opinions, including four dealing
DCW Litigation Digest
Moeve Trading SAU v. Mael Trading FZ LLC
In case where Seller pursued claim for purchase price, court determined LCs were conditional, not absolute, forms of payment.
DCW Litigation Digest
Universal Property Services, Inc. v. Lehigh Gas Wholesale Services, Inc.
Case involved LCs containing a condition that Issuing Bank would only honor demands if Applicant first furnished indemnification to Issuing Bank.
DCW Litigation Digest
Evergrowing Bank Co., Ltd. v. Sambu Shipping Co., Ltd.
Case from China's Jiangsu High People’s Court involving issuing bank suing carrier for compensation for carrier’s release of cargo against applicant’s letter of indemnity in lieu of original bill of lading contains important lessons for banks.
