Fraud

ATFCP Sanctions & Fraud Webinar Recap

A webinar hosted by the Association of Trade Finance Compliance Professionals (ATFCP) on 28 January 2025 featured particular focus on

DCW Newsroom Feb 12, 2025

DCW Litigation Digest

CTBC Bank Co. v. Industrial Commercial Bank of China Ltd. [2024]

Issuer ICBC applied to stay action alleging forum non conveniens.

Matthew J Kozakowski Feb 12, 2025

DCW Litigation Digest

Consolidated Electrical Distributors, Inc. v. United Renewable Energy Co. [2024]

Applicant Consolidated Electrical Distributors ex parte motion for temporary restraining order against issuer Bank of America.

Matthew J Kozakowski Jan 16, 2025

DCW Scam Survey

Pakistani Businessman Charged with Export, Banking Fraud

After receiving dozens of containers filled with soil, gravel and stones instead of the valuable natural minerals it had agreed

DCW Newsroom Jan 16, 2025

DCW Litigation Digest

Shinetec (Australia) Pty Ltd. v. The Gosford Pty Ltd. [2024]

Contractor Shinetec (Australia) and parent company Shanxi Construction Investment Group (standby applicant) appealed dismissal of claims against beneficiary The Gosford.

Matthew J Kozakowski Dec 18, 2024

DCW Conference Report

2024 Americas LC Law Summit: Executive Summary

For the 25th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Letter of Credit Law Summit. This Executive Summary provides an overview of topics discussed and debated at the conference hosted by Hogan Lovells in New York and conducted as a hybrid event.

Christopher Byrnes Dec 18, 2024

DCW Scam Survey

Hin Leong Founder O.K. Lim Sentenced to 17½ Years

Following his May 2024 conviction on two cheating charges and one count of instigating forgery for the purpose of cheating,

DCW Newsroom Dec 18, 2024

DCW Feature

Notable Chinese Supreme People's Court Cases Involving Application of ISBP

Letter of credit cases can reveal a great deal about how the industry's practice rules and standards are viewed and interpreted by the courts.

Saibo Jin Oct 24, 2024

DCW Feature

Bayport Polymers LLC v. CB&I, LLC [2024]

Beneficiary Bayport Polymers appealed temporary injunction restraining presentation of LC documents.

Matthew J Kozakowski Oct 24, 2024

DCW Litigation Digest

Banque De Commerce Et De Placements S.A. v. China Aviation Oil (Singapore) Corp. [2024]

Issuer sued beneficiary alleging sham transaction and breach of warranties; beneficiary and prior sellers lodged indemnification claims.

Matthew J Kozakowski Sep 25, 2024

DCW Feature

Pacific Atlantic Pipeline Construction Inc. v. Coastal Gaslink Ltd. [2024]

Canada's Court of Appeal of Alberta affirmed trial judgment, dismissing LC Applicant's appeal and terminating short term interim injunction.

Matthew J Kozakowski Aug 22, 2024

DCW Litigation Digest

Eurobank Ergasias S.A. v. Bombardier Inc. [2024]

The Canadian Supreme Court affirmed Quebec appellate and trial courts, upholding permanent injunction restraining Counter-Guarantor against payment of demand by Counter-Guarantee Beneficiary.