June 2025
LC Statistics: 1Q25 US Bank LC Issuance
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for 1Q 2025.
Majestic Rayon Corp. v. Soho Office Suites, LLC
Landlord sued Lessee for use and occupancy of commercial lease.
Chief Compliance Officer of Fake Bank Pleads Guilty
A 75-year old disbarred attorney and convicted felon from California pleaded guilty in a New York federal court on 10
Singapore Citizen Implicated in Fraudulent Timber Import Deal
A 67-year-old Singapore citizen was arrested in India on 22 April 2025 for his alleged involvement in a timber import
Woori Bank Subsidiary Investigating Confirmed Fraud Allegations
Following Woori Bank’s publication of a financial incident disclosure that its subsidiary in Indonesia has confirmed fraud allegations involving
Inside Ops: Pete DelGrosso on SBLCs and the ISP98 Forms
A simpler, more standardized approach to standbys benefits everyone and the ISP98 Model Forms offer built-in best practices.
“Fraud and Mistakes in International Trade” – The Second Transfer Case
A deceptive LC transfer leads a confirming bank to pay twice. Explore this trade finance fraud case from Abdurrahman Özalp’s book on international trade.
Bintai Kindenko Pte Ltd. v. Samsung C&T Corp.
On appeal, Court considered whether trial court: erred in holding that Subcontractor/Applicant was contractually precluded from relying on the unconscionability exception; correctly held that Contractor/Beneficiary’s demand was not fraudulent; and erred in declining to discharge the injunction.
