DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
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An English High Court on 10 November 2025 ordered the former owners of Ukraine’s largest bank to pay the bank over US 3 billion in damages, interest, and costs from a massive fraud conducted against it.
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DCW Articles
Recent Challenges to the Independence Principle in the Courts
An LC's independence from the underlying transaction it supports is one of the core tenets that distinguishes this instrument type from other promises. When disputes arise, courts at times have given uneven treatment to independent undertakings with regard to the independence principle.
DCW Scam Survey
Indian Officials Attach Further Assets in Fraud Case
As investigations by India’s Directorate of Enforcement (ED) into an alleged INR 1,438 crore (USD 156 million) money
DCW Scam Survey
Bangladesh Officials Bring in Jailed Businessman for Interrogation
Further to previous DCW reporting, an imprisoned Bangladesh businessman and former lawmaker was brought to Bangladesh’s Anti-Corruption Commission
DCW Scam Survey
Investigators Secure Partial Recovery for Scammed Indian Banks
Two Indian banks which lost funds nearly a decade ago from fraudulently obtained letters of credit and non-payment of