This month’s edition emphasizes how seemingly small drafting choices and operational decisions can lead to substantial legal and compliance
At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It
Following its January 2026 quarterly discussion session, the ICC released on 11 February 2026 results and points of analysis from
From recent discussion among LC specialists, DCW has learned that bankers at some US-based financial institutions are aware of banks in Bangladesh releasing discrepant documents to applicants without acceptance or payment, claiming that their country’s Central Bank (Bangladesh Bank) allows for such practice.
Since Bangladesh Bank, the country’s central bank, established its Foreign Exchange Policy Department (FEPD) as a dedicated department for
The auto-extension clause used in a UCP 600 standby that gave rise to ICC Opinion TA954 illustrates the serious concerns that can emerge when ambiguous wording is inserted in a credit. Li Huang identifies and examines issues to consider.
Following months of political turmoil prior to the 5 August 2024 ousting of the Awami League government, Bangladesh has experienced
On 20 April 2025, Bangladesh Bank’s Foreign Exchange Policy Department issued FE Circular Letter No. 14, “Remittance against import
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