October 2025
DCW Monthly: December 2025
As the year draws to a close, this month’s DCW focuses on the issues likely to carry into 2026.
ISP98
50 articles
(Page 4)
DCW Updates
On His Retirement, Barnes Recognizes Collaboration With Byrne
DCW wishes to recognize my retirement as a lawyer after 50+ years, all with Baker & McKenzie1 and including 30+
DCW Updates
LC Legend Jim Barnes Retires
Following a career of more than 50 years as a lawyer, including more than three decades concentrating on letters of
DCW Updates
Successor by Operation of Law and Amendments
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being presented
DCW Articles
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.
DCW Articles
Analysis of Lessons Learnt From Natixis v. BNP From a Different Perspective
Analysis of Natixis, New York Branch v. BNP Paribas case. Insights on acknowledging notice of assignment, setoff rights, and lessons for LC issuing banks. Learn more about structuring SBLCs effectively
DCW Articles
A Chinese Perspective on Assignment of Proceeds and Nomination Matters in BNP V. Natixis
The BNP v. Natixis case involved the assignment of letter of credit (LC) proceeds and nomination under an LC, raising legal considerations. The court ruled in favor of the assignee (BNP), stating that Natixis waived any right to setoff when accepting the assignment. A Chinese law view
DCW Articles
Independent vs. Accessory Guarantees – a Tale of Two Cases: Shanghai Shipyard and Bank Audi
Different jurisdictional interpretations of guarantee law reinforce the need for practice rules in demand guarantee transactions.
ISP98
ISP98 Interpretation 3: Does Standby also Include Confirmation
In order to ensure that the ISP98 remain current with standards in international standby and guarantee law and practice, the
