DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
Maybank gains appeal in Malaysia's Federal Court against Punjab National Bank. The judgment emphasizes compliance with UCP600 in LC matters, affirming the validity of documents and the negotiating bank's right to make advanced payments based on faxed copies.
Negotiating Bank sued LC Issuer for breach of reimbursement undertaking.
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