Standby & Guarantee Forum: November 4 Cases: * Illinois DNR v. Regions Bank – DCW Analysis * DJY v. DJZ – Full Text * Litasco
US Rev UCC 5-108(g) states: “If an undertaking constituting a letter of credit under Section 5‑102(a)(10)
The High Court in Kampala (Uganda) upheld an appellate court decision on 25 July 2025 that Equity Bank lawfully sold
Given the success of practice rules and banks’ ability to more readily find resources for the proper interpretation of the rule sets, does it not make sense to avoid inclusion of a governing law or jurisdiction clause?
For the 18th consecutive year, IIBLP conducted its Guarantee & Standby Forum for the Singapore trade finance market. Held on 19 May 2025 and hosted by S&P Global, the program was organized as a hybrid event. This Executive Summary provides an overview of topics discussed and debated.
Did the standby LC provide sufficient protection to the judgment creditor?
Bench trial for negligent misrepresentation claim by beneficiary against advising bank.
Low default rates, increased flexibility, technological advancements and evolving regulations make standby letters of credit (SBLCs) an appealing option in international trade
In October 2024, ICC printed its 2024 Trade Register Report and released access to it electronically thereafter.
Contractor Shinetec (Australia) and parent company Shanxi Construction Investment Group (standby applicant) appealed dismissal of claims against beneficiary The Gosford.
In a development related to past reporting of standby and bond usage at the municipal level in Canada, the Canadian
Argentine lawyer Jorge Riva highlights how ICC rules are already providing an adequate environment for accommodating electronic means and how intense work continues for expanded use of electronic credits.
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
![Pacific Atlantic Pipeline Construction Inc. v. Coastal Gaslink Ltd. [2024]](/content/images/size/w30/2024/08/pacific-atlantic-pipeline-case-summary-dcw.jpeg)
Canada's Court of Appeal of Alberta affirmed trial judgment, dismissing LC Applicant's appeal and terminating short term interim injunction.
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