Latest news

July 2026

DCW Monthly: July 2026

Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never

Chris Sandler Jul 21, 2026

DCW Updates

Reimbursing Bank in NY Not Enough for Jurisdiction, Says Court

In a recent complaint filed in New York, a Singapore trading company has asserted that a Bangladesh bank did not

DCW Newsroom Jul 20, 2026

DCW Updates

Unassignable Guarantees & Applicable Law

Banks are often advised by their lawyers to issue a demand guarantee with the condition that it is unassignable and

Christopher Byrnes Jul 20, 2026

LC, non-issuance

3 articles

DCW Updates

Polish Refiner Orlen Seeks Refund of Prepaid but Undelivered Venezuelan Oil

DCW Newsroom May 31, 2024

DCW Updates

Bangladeshi Power Producers Unable to Secure LCs

DCW Newsroom May 31, 2024

Jul/Aug 2006

Inoperative Conditions

So-called “inoperative conditions” regularly trouble LC users because there are both appropriate and inappropriate ways of utilizing them. Such

Christopher Byrnes Aug 31, 2006