DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
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In White Rock Insurance (SAC) Ltd. v. China Construction Bank Corp., the New York State Supreme Court denied China Construction Bank Corp.’s motion for the court to execute CCBC's proposed Letter of Request under the Hague Convention to obtain CCBC's own documents from its offices in the People’s Republic of China (PRC).
The case relates to White Rock’s lawsuit against CCBC and two of its affiliate banks in which White Rock alleges that, through a dishonest employee, CCBC participated in the Vesttoo reinsurance letter of credit collateral fraud scheme.
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