Standby LCs

Glacier Bear Retreat, LLC v. Dusek [2023]

EU Maintains Capital Requirements for Performance-Related Trade Products

this has links to Feb 2023 DCW item on EU capital requirements

Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch [2023 EWHC 663]

💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 663 Type of Lawsuit: Beneficiaries sued Confirming Bank that

Sudan Situation “Extremely Grave”

According to DCW sources, continued fighting between warring forces in Sudan has rendered the situation extremely grave for civilians and

Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch [2023 EWHC 1071]

💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 1071 Type of Lawsuit: Subsequent hearing on an ancillary

Amboy Bank v. M.V.N. Homes Inc. [2022]

Issuer sued Applicant for reimbursement.

Jin Provides Update on Standby LC Cases of Significance in China

Prominent Chinese lawyer Saibo Jin alerted delegates at the IIBLP Annual Survey of LC Law & Practice in Hong Kong

Energy LEAP Drafts Standby LC Wording for Oil Industry

Energy LEAP, a not-for-profit organisation in which member companies across the oil trading industry work to define standards which offer

Lexon Insurance Co. v. FDIC [2021]

Beneficiary argued that LCs are not contracts or leases and that FDIC as Receiver of closed Issuer lacked the authority to repudiate.

Standby LCs and Non-Extension Clauses

Bankers share opinions on what it means when a non-extension notice is sent more than 60 days prior to expiry, but then LC extended 6 months anyway.

Court Orders Extradition of Alleged Fraudsters in Nigeria