DCW Monthly: June 2025

This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.

Chris Sandler Jun 13, 2025

A Critical Review of ICC Opinion TA.948

Since a draft was included in the presentation at issue in ICC Opinion TA.948, it prompts important questions about examination not only under UCP but also under bills of exchange law.

Rupnarayan Bose Jun 13, 2025

DCW Updates

English Court Rules for Lenders in Russian Aircraft Lessor Policy Claims

In a highly anticipated ruling, the English High Court concluded that AerCap Ireland Limited and other lenders who lost aircraft

DCW Newsroom Jun 13, 2025

Hong Kong

5 articles

April 2025

Hong Kong Police Arrest Five Suspects on Charges of Using False LCs

Five individuals attempting to convert letters of credit into USD 10 billion at a bank in Hong Kong on 10

DCW Newsroom Apr 9, 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

Standby LC

DCW Monthly: June 2025

A Critical Review of ICC Opinion TA.948

English Court Rules for Lenders in Russian Aircraft Lessor Policy Claims

Hong Kong

Hong Kong Police Arrest Five Suspects on Charges of Using False LCs

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

HK Company Director Jailed for Offering Bribe for Standby LC Acceptance

North Asia Ltd. v. Jingdong e-Commerce (Trade) Hong Kong Corp. [2023]

Investment Firm Receiver Sues Law Firm for Malpractice for Failing to Discover Fraud