DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
ISP98 Rule 1.02
3 articles
DCW Articles
LCs That Contain a Law and Jurisdiction Clause
Given the success of practice rules and banks’ ability to more readily find resources for the proper interpretation of the rule sets, does it not make sense to avoid inclusion of a governing law or jurisdiction clause?
Amendments
The Milky Whey, Inc. v. HSBC Bank USA, N.A. [2024]
Confirming Bank moved to dismiss Beneficiary complaint for wrongful dishonor. ISP98 Standby subject to New York Law.
DCW Feature
Analysis and Insights on ISP98 Rule 1.02
ISP98 Rule 1.02: Relationship to Law and Other Rules
