DCW Updates
DCW Monthly: June 2025
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
Amendments
9 articles
DCW Updates
ICC Releases Draft Opinions to be Discussed at August 2025 Session
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
DCW Feature
Analysis and Insights on ISP98 Rule 2.07
DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period
DCW Updates
Latest ICC Briefing Paper on UCP600 Practice Addresses Amendments
In an attempt to clarify aspects of UCP600 Article 10, the ICC Banking Commission has issued its 10th Technical Advisory
DCW Updates
Seeking Best Practice on Tracing Standby LC Detrimental Amendments
In a bankers’ discussion this month, conversation focused heavily on standby LCs, particularly the handling of amendments. One of questions
Amendments
The Milky Whey, Inc. v. HSBC Bank USA, N.A. [2024]
Confirming Bank moved to dismiss Beneficiary complaint for wrongful dishonor. ISP98 Standby subject to New York Law.
July / August 2016
UCP600 Revision: A Tune-Up Opportunity for this Old Vehicle Called the “Letter of Credit”
Letters of credit have been around for decades, probably since the 19th Century or earlier. We are now in the
