LCs That Contain a Law and Jurisdiction Clause

Given the success of practice rules and banks’ ability to more readily find resources for the proper interpretation of the rule sets, does it not make sense to avoid inclusion of a governing law or jurisdiction clause?

The recent case of Illinois DNR v. Regions Bank illustrates the importance of clear wording of automatic extension clauses and issuing banks including a final expiration date in their standbys.

Canada

12 articles

DCW Articles

Canadian Supreme Court Confirms Bank Must Refuse LC Payment Due to Fraud

In Eurobank Ergasias S.A. v. Bombardier Inc., the Supreme Court of Canada takes up the fraud exception and whether it applies regarding a demand for payment under a Counter Guarantee.

Joseph Nisa Jul 17, 2025

DCW Scam Survey

Securities Commission Issues Order against Operator of Ponzi-like Scheme

In its Decision, Re Cawaling (2025 ABASC 96), the Alberta (Canada) Securities Commission (ASC) has permanently banned a Calgary resident

DCW Newsroom Jul 17, 2025

DCW Updates

Coordinated Effort Needed to Confront Canada/US Fentanyl Flow

A recent article from a Canadian perspective acknowledges that the Canadian Border Service Agency (CBSA) faces increased pressure to identify

Christopher Byrnes Apr 9, 2025

DCW Updates

Canadian Company’s Operations Suspended Due to Expired LC

Best Theratronics Ltd., a Canadian-based manufacturer of equipment used to treat cancer, is prohibited from resuming operations at its plant

DCW Newsroom Mar 12, 2025

DCW Updates

Canadian Province Proposes Surety Bonds as Option for Securing Municipal Obligations

In a development related to past reporting of standby and bond usage at the municipal level in Canada, the Canadian

DCW Newsroom Oct 24, 2024

DCW Feature

Pacific Atlantic Pipeline Construction Inc. v. Coastal Gaslink Ltd. [2024]

Canada's Court of Appeal of Alberta affirmed trial judgment, dismissing LC Applicant's appeal and terminating short term interim injunction.

Matthew J Kozakowski Aug 22, 2024

DCW Litigation Digest

Eurobank Ergasias S.A. v. Bombardier Inc. [2024]

The Canadian Supreme Court affirmed Quebec appellate and trial courts, upholding permanent injunction restraining Counter-Guarantor against payment of demand by Counter-Guarantee Beneficiary.