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
Commercial Standbys
4 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 Articles
It is Good to be Reminded of What You Already Know
How banks unnecessarily complicate the LC process and why a simple standby LC often is the optimal trade risk solution for trade partners.
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?
