DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
The views expressed by the authors in this publication do not represent their employers or any agency. Any content should
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
ICC BC reviewed 6 draft opinions during its 2021, including cases on sanctions clauses, avalisation, and non-payment. Discussions drew input from 33 National Committees and addressed evolving practice, legal interpretation, and rule clarity.
Two separate portions of the event open to Banking Commission members and ICC National Committee representatives took place. An ICC Official Opinions Session on 6 October attracted over 200 participants and was followed by a Plenary Session on 7 October which had more than 125 individuals on the call.
Six ICC draft opinions were reviewed at this session, while one other (Draft Opinion TA.911) was withdrawn. For the draft opinions discussed, 33 ICC National Committees (NCs) submitted comments to ICC in advance of the Meeting.
For the 7th year, the Institute of International Banking Law & Practice conducted its one-day Americas Trade Finance Compliance Annual Meeting. This summary provides an overview of topics discussed at the conference hosted by S&P Global on 2 April 2025 in New York and conducted as a hybrid event.
Writing as a trade finance professional with a long background in the business, Dave Meynell offers his personal views on factors contributing to the sharp reduction in ICC Official Opinions issued over the past several years.
Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
The ICC Banking Commission returned to Dubai, UAE, for its 2025 Annual Meeting on 17 February. The one-day event was organized by ICC UAE and hosted by Dubai Chambers. In addition to those participating in-person, others attended virtually.
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial
