July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
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 Updates
China Regulations Primed to Advance Electronic Documents Use
China’s revision of its Maritime Law which took effect 1 May 2026 not only ushered in enhancements of parties’
DCW Articles
Letter of Credit Fraud
With regard to how fraud may disturb a bank's obligation to honour under an independent undertaking, courts have used various qualifiers to describe the level necessary. In his expansive article, Dr. Alan Davidson explores the concept of "Letter of Credit Fraud" under law and in the courts.
DCW Articles
Surrendered Bills of Lading – Strange Path to the Right Result
Surrendered bills of lading are not addressed in UCP or ISBP, so ICC was approached to opine on the topic. Kim Sindberg details the initial ask and the guidance ultimately given.
DCW Articles
Over-Insurance: Worthy of Attention, but Not under UCP 600
Over-insurance is not cause for concern under the UCP 600 practice rules, but it may raise unsettling questions that need addressed from a risk perspective.
