DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
Complying Presentation
9 articles
DCW Articles
Recent Challenges to the Independence Principle in the Courts
An LC's independence from the underlying transaction it supports is one of the core tenets that distinguishes this instrument type from other promises. When disputes arise, courts at times have given uneven treatment to independent undertakings with regard to the independence principle.
DCW Articles
The Case against UCP 600 Revision and for Education
Following the majority vote against UCP revision by ICC National Committees, Dave Meynell offers evidence suggesting education and guidance is the prudent way forward.
DCW Litigation Digest
Luoyang Aviation Construction Co. v. Korea Kookmin Bank [2023]
Case heard by China's Supreme People’s Court deals with questions regarding alleged fraud and the nature of a transferable credit under UCP600 Article 38.
DCW Updates
Singapore Court Affirms Judgment, Rejects Applicant’s ISP98 Arguments
In DJY v. DJZ[[1]] involving a standby letter of credit, the Appellate Division of Singapore’s High Court dismissed
DCW Updates
If Requested Copies are not Presented, is It a Discrepancy?
LCs calling for copies and photocopies. Does it make a difference if copies are called for by the applicant compared
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.
DCW Readers Speak
ICC was Right to Issue Interpretation of UCP 600 Article 35
The article “My Take on the Need for ICC Interpretation of UCP 600 Article 35” by Pavel Andrle (Oct 2020
