DCW Monthly: July 2026

Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never

Chris Sandler Jul 21, 2026

DCW Updates

Reimbursing Bank in NY Not Enough for Jurisdiction, Says Court

In a recent complaint filed in New York, a Singapore trading company has asserted that a Bangladesh bank did not

DCW Newsroom Jul 20, 2026

DCW Updates

Unassignable Guarantees & Applicable Law

Banks are often advised by their lawyers to issue a demand guarantee with the condition that it is unassignable and

Christopher Byrnes Jul 20, 2026

Closure on a Business Day

1 article

DCW Articles

Baltimore’s Bridge Collapse: Force Majeure Event (or Not)?

At 1:29 AM on 26 March 2024, the 300-meter container vessel Dali lost power as it was departing from Baltimore (Maryland) harbor. Does this constitute a force majeure event?

Dennis Noah Apr 29, 2024