DCW Feature

Overview of Electronic Transferable Records and Trade Finance Digitalization Practice in China

The Celestial Case: Does the UK Regulation Render Confirmer’s Payment Illegal?

UK Digitalisation of Trade

UK Electronic Trade Documents Act 2023 marks a sea change in trade finance industry. At its core, the Act does something incredibly simple: it provides legal status to electronic trade documents, making them equivalent to their paper counterparts

Fraud: Losses, Losers, and LOIs

Within the recent past, trade finance banks have suffered billions in losses due to fraud. This has obliged many banks to reconsider their role in financing trade flows whilst others have simply abandoned the business. Citing Glencore, Navig8 Armetrine, and Hin Leong

Application of US Uniform Commercial Code Article 5 in International Letter of Credit Transactions

A look into application of US UCC Article 5 for letter of credits outside of the United States

Originality of Paper and Electronic Documents (Part 3)

Pavel Andrle's exploration of the originality of paper and electronic documents - Part 3 of a three part series.

Understanding and Application of the Right of Recourse Under the PRC Supreme People’s Court’s Guarantee Rules

Exploring the guarantor's right of recourse, analyzing legal concepts, international banking practices, and banking structures in China. Specifically guarantees and counter guarantees.

2022 ICC Banking Commission Technical Meeting: Executive Summary

19-20 October 2022 The ICC Banking Commission held its 2022 Technical Meeting as a hybrid event in-person in Paris and

Case Illustrates Perils of Drafting LC Draw Caps and Handling Non-Standard LC Transactions

In Natixis Funding Corp. v. GenOn Mid-Atlantic, the 5th Circuit addresses crucial aspects of letter of credit practice, exploring prepayment, collateralization, structured finance, indemnities, good faith limits, and consequences of drafting errors.