DCW: Most Read in 2025
Since going fully online in May 2024, DCW has seen significant growth. The addition of eBooks, CPDs, an expanded archive,
DCW Feature
Originality of Paper and Electronic Documents (Part 1)
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 1 of an article series.
28 min read
In the world of traditional trade finance where we still predominantly use paper documents, it has always been of major importance to determine what an original (paper) document is and how many originals are to be presented under the instrument in question. Also, must an original document be signed for it to be considered an original? And what constitutes a signature?
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DCW Articles
Views on ICC Opinion TA954
Because standbys and demand guarantees often contain automatic extension clauses, ICC Opinion TA954 offers important lessons for practice and the need for sound drafting of such clauses.
DCW Conference Report
2025 Americas Standby & Guarantee Forum: Executive Summary
For the 19th consecutive year, IIBLP conducted its Americas Standby & Guarantee Forum. Held in New York City on 4 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
DCW Articles
First Brands Bankruptcy Casts Spotlight on Supply Chain Finance
The September 2025 bankruptcy filing of First Brands has thrust supply chain finance into the industry spotlight again. Supply chain specialist Tat Yeen Yap explains how certain forms of SCF techniques work and addresses whether they can give rise to opaque accounting and hidden financial debt.
DCW Articles
Don’t Walk Away: A Tried and Tested Alternative to “Pay and Walk”?
Practice rules for independent undertakings do not address "pay and walk" clauses that are being used in some regions and shunned by others. Here, David Williams puts forth an alternative option for consideration.
