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
Punjab National Bank
11 articles
DCW Scam Survey
Indian Agency Begins Return of Property to Choksi Fraud Victims
From 2014 to 2017, Indian businessman Mehul Choksi colluded with associates and bank officials to fraudulently obtain LCs and letters
DCW Scam Survey
Seeing Red: India’s CBI Objects to Interpol Withdrawal of Notice against Choksi
Mehul Choksi’s name has been removed from Interpol’s database of “Red Corner Notices” (Red Notices).
DCW Articles
Getting It Right: Malaysia’s Highest Court Restores Trial Court Decision in UCP600 Case
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.
DCW Litigation Digest
Malayan Banking Berhad v. Punjab National Bank [2022]
Negotiating Bank sued LC Issuer for breach of reimbursement undertaking.
DCW Updates
Attacking LC Fraud a Top Goal for India’s Blockchain-Based Project
Stung by the massive letter of credit scandal committed against Punjab National Bank (Feb 2018 DCW 44), India’s central