DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
Seller sued Collecting Bank for breach of URC 522
The appeal in Zenrock. In a crude oil transaction, a bank issuing an LC accused the buyer of fraud, leading to dishonor of the LC; however, the court ruled in favor of the seller...
💡Kuvera Resources Pte Ltd. v. JPMorgan Chase Bank, N.A. [2023] [2023] SGCA 28 [Singapore] Type of Lawsuit: Beneficiary appealed
Local Guarantor petitioned for rehearing from the Supreme People’s Court of order for Counter Guarantor to terminate payment to Local Guarantor for having committed guarantee fraud and not acting in “good faith”.
Pro se Beneficiary sued Issuer for wrongful dishonor.
[2023] SGHC 210 [Singapore] Cases Referenced: * CRK Contract Services Pte Ltd. v. Asplenium Land Pte Ltd. [2015], [2015] 3 SLR
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