DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
2 min read
When businesspeople engage in mutual business dealings and loans to each other under multiple corporate entities they operate but their relationship ultimately sours and each claims against the other, will the entire running account between them be deemed unenforceable if certain transactions were illegal?
In the Singapore High Court case, Deepak Mishra v. Rashmi Bothra,[[1]] claimants (Deepak) pleaded that defendant (Rashmi) owed them more than USD 54.7 million under a running account, while Rashmi pleaded that Deepak owed her more than USD 137.1 million.
Read next
DCW Updates
Amid Conflict, ICC Urges Application of Practice Rules as Usual
Although the ongoing Middle East conflict continues to impact international commerce in various ways, the ICC has issued a statement
DCW Updates
Assessing Where eBL Adoption Stands & How to Advance It
Through real-time feedback from hundreds of industry specialists, a recent webinar conducted by Enigio attempted to capture prevailing attitudes and
DCW Updates
OFAC Issues Advisory on Sham Transactions & Sanctions Evasion
On 31 March 2026, US Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to alert of sham
DCW Updates
Pakistan Adjusts SBLC Issuance Instructions
Citing ongoing geopolitical conditions and heightened need to facilitate oil and gas imports, Pakistan’s central bank amended its instructions