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.
Pierre J. Herszdorfer, who worked over 43 years in international banking, died on 7 November 2021 in Texas. Pierre started his banking career in the early 1960s in the auditing department at Irving Trust Co in New York and until joining Citibank. He then worked at various banks based in Connecticut, Illinois, Ohio, and Iowa, before moving on to an international trading company in Texas.
After 12 years at Riyad Bank (Houston, Texas) where he was operations manager, Pierre retired in 2004. The Institute of International Banking Law & Practice offers heartfelt sympathies to members of Pierre’s family on their loss.
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
In a highly anticipated ruling, the English High Court concluded that AerCap Ireland Limited and other lenders who lost aircraft
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Contemporaneously with its release of its latest Draft Opinions on 6 June 2025, ICC issued a one-page memorandum note regarding
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