DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
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This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
A Chennai-based importer, its director, and six former officials of a company operating under the Indian government’s Ministry of
After receiving dozens of containers filled with soil, gravel and stones instead of the valuable natural minerals it had agreed
Following his May 2024 conviction on two cheating charges and one count of instigating forgery for the purpose of cheating,
The Court of the Special Judge, Central Bureau of Investigation (CBI) in Guwahati, India, has fined and sentenced five individuals
From 2014 to 2017, Indian businessman Mehul Choksi colluded with associates and bank officials to fraudulently obtain LCs and letters
India’s Central Bureau of Investigation (CBI) has arrested a man declared a “proclaimed offender” by an Indian special court
Further to a story previously reported (Oct 2022 DCW 45), the CEO and founder of Nigerian airline Air Peace, has
After US federal government agencies warned that “prime bank” instruments lacked legitimate use in the mid-1990s and the US Securities
Two officials from Asia Insurance, Bangladesh, were fined for embezzling BDT 22.7M via forged documents linked to TVS Auto.
India’s Central Bureau of Investigation (CBI) is looking into a complaint, alleging that a Mumbai-based civil construction firm and
Further to previous DCW reporting of a scam involving use of a bogus document labelled a standby letter of credit
A man accused of willfully causing EUR 2.37 million in financial loss to Ghana by having letters of credit
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