July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
BPO
5 articles
2012 LC Trends Revisited
What to Watch For: Six Trends in Letter of Credit Practice (2012)
Looking back at Professor James E. Byrne's 6 predictions for LCs in 2012 - see how they hold up.
DCW Updates
Making the Case for Simplified LCs
Speaking at the March 2021 meeting of the BAFT West Coast LC Committee, guest speaker Buddy Baker renewed his advocacy
DCW Articles
The Problem Is Not with the UCP, It’s with the LCs
Calls to simplify the UCP are nothing new—but are we solving the wrong problem? Buddy Baker argues it’s not the rules that need fixing, but the over-complicated letters of credit themselves. Could a simpler LC structure reduce errors, speed up processing, and cut through the red tape?
