DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
UCP600 Article 7(c)
3 articles
DCW Articles
The Hidden Risks of Varying a Confirmation's Terms
Exactly what is an issuing bank authorizing or requesting a nominated bank to do when it requests the bank to “add its confirmation” to a credit? Several considerations and questions should be weighed by a would-be confirmer.
DCW Litigation Digest
CTBC Bank Co. v. Industrial Commercial Bank of China Ltd. [2024]
Issuer ICBC applied to stay action alleging forum non conveniens.
Jul/Aug 2024
Celestial Aviation Services Ltd. v. UniCredit Bank GmbH, London Branch [2024]
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.