DCW Articles
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.
Eurobank Ergasias S.A. v. Bombardier Inc.:
Guarantors Caught Between Home Courts That Do Not Apply the Fraud Exception and Courts in the Counter-Guarantor's Country
Technical Advisory Briefing #4 on Lost Documents Should Cause Much Relief for Practitioners
The ICC Banking Commission's TAB#4 sheds light on UCP600 Article 35, assuaging concerns about lost documents. The clarification emphasizes the LC issuer's responsibility to honor compliant drawings, even if documents are lost in transit between nominated banks, providing relief to practitioners.
Modifications and Exclusions of URDG758 Articles in Demand Guarantees
The provisions of URDG can be modified, overridden, or excluded by inserting suitable replacement wording in the text of the guarantee.
Summary of Expert Report by Gary Collyer
Key takeaways from expert report issued in the KEB Hana Bank v. Korean Export Insurance Corporation court case.
Kris Siebel Reflects on Standout Standby LC Career
A career in standby LCs - reflections from Kris Siebel of Societe Generale.
13 common Letter of Credit and Bill of Lading frauds: Revisiting the Solo Industries & Saad Group Trade Finance Frauds
Those who forget the lessons of history are condemned to repeat them. Trade finance frauds are no exception. Lessons from Solo Industries, Credit Agricole v. PPT, and practical advice for trade financiers.
ICC’s C4DTI Ambitious Plan to Accelerate the Digitalisation of Trade
Any government that has trade and economic growth at the heart of its agenda wants international trade to be cheaper,
The Metaverse is the Tipping Point in the Evolution of Trade Finance
The evolution of trade finance from manual processes to digitalization is now advancing into the metaverse. Emerging technologies like augmented reality and virtual reality, facilitated by the metaverse, promise enhanced security, authentication, and timestamping.
Originality of Paper and Electronic Documents (Part 2)
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 1 of a three part series.
Getting It Right: Malaysia’s Highest Court Restores Trial Court Decision in UCP600 Case
Maybank gains appeal in Malaysia's Federal Court against Punjab National Bank. The judgment emphasizes compliance with UCP600 in LC matters, affirming the validity of documents and the negotiating bank's right to make advanced payments based on faxed copies.
Letters of Credit: 2020 Cases
This survey concentrates on the most significant letter of credit (“LC”)1 issues addressed in cases decided in the United
