This month’s edition emphasizes how seemingly small drafting choices and operational decisions can lead to substantial legal and compliance
At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It
Following its January 2026 quarterly discussion session, the ICC released on 11 February 2026 results and points of analysis from
Use of UCP600 for standbys continues, despite there being better suited rules in ISP98
DCW wishes to recognize my retirement as a lawyer after 50+ years, all with Baker & McKenzie1 and including 30+
Following a career of more than 50 years as a lawyer, including more than three decades concentrating on letters of
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being presented
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 2 of an article series.
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
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
Different jurisdictional interpretations of guarantee law reinforce the need for practice rules in demand guarantee transactions.
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