DCW Monthly: September 2026
This month's content returns to a question the rules answer clearly and the courts sometimes do not: who
DCW Updates
474 articles
DCW Updates
Digital Trade Forum Advances the New Reality
Talk of a trade’s digital transformation is in the air, but ICC UAE convened a focused stakeholder forum to
DCW Updates
Swift Accepts Request to Postpone SR 2026
With the latest annual update to formats and rules on the Swift network approaching in November, Swift agreed to a
DCW Updates
FinCEN Ends Beneficial Ownership Reporting Requirement for US Entities
Effective 14 August 2026, a final rule issued by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) permanently
DCW Updates
Digital LC Showcases Dual Importance of MLETR-Aligned Law, eUCP
In what is believed to be the first eLC issuance of its kind, Societe Generale has announced its role as
DCW Updates
Banque Misr UAE Targeted by US Treasury
US Treasury’s Financial Crimes Enforcement Network (FinCEN) is taking steps to revoke Banque Misr UAE’s correspondent banking access
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Alleged SBLC Monetization Scheme Goes to Arbitration
An action centering on two allegedly fraudulent schemes, including one to induce participation in a high-return investment involving the
DCW Updates
ICC Finalizes Six Opinions at July 2026 Session
At its quarterly meeting on 21 July 2026, the ICC Banking Commission reviewed and finalized six Opinions, including four dealing
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ICC Banking Commission Updates on Its UCP Educational Push
Beyond discussion and finalization of six ICC Opinions at its quarterly Technical Advisory Session on 21 July 2026, the ICC
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ICC Issues TAB on Force Majeure under UCP
The matter of force majeure was addressed in the first version of UCP[[1]] in 1933 and largely resembles the
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TAB-16 Addresses Three Aspects of Third Party Documents
Although not defined in UCP600, the expression “third party documents” in LC practice is commonly taken to mean documents issued
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Sharing the Risk
Banks are increasingly turning to risk-sharing structures to manage regulatory capital, control funding costs, and expand capacity.
DCW Updates
MLETR Implementation Phase Begins in China
As previously reported in DCW, two recent breakthroughs in China that are substantially consistent with the UNCITRAL Model Law on