DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
Disputes over Independent Guarantee Fraud, Independent Guarantee Payment, and Improper Dishonor
Recent ICC Doxdex decisions (Nos. 367, 373, 382) interpret ISP98 rules, aiding parties in standby LC transactions.
Looking back at Professor James E. Byrne's 6 predictions for LCs in 2012 - see how they hold up.
Summary takeaways from the ICC Banking Commission Technical Meeting, 24-25 October 2023.
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