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.
Issuing bank received a timely demand that complied with the standby. However, on the beneficiary’s cover letter, the payment instruction request to remit payment to their account with a different bank than what is stated on the certification.
Strabag, SpA v. Credit Agricole CIB case appeal
Despite established rules like the eUCP and eURC, the practical implementation of electronic presentations lags. Except perhaps via email and Fax...
Standard Chartered, Truist Bank Form Trade Finance Partnership to allow their customers to conduct global business more efficiently.
The ICC announced on 13 August 2023 release of the first application programming interface (API) industry standards for bank guarantees
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