DCW Updates

Singapore Cracks Down: CEO Denied Visa Amid Sanctions Violations

Singapore’s Ministry of Manpower denied a work visa to Philip Adkins, CEO of Red Box Energy Services, in June

English Court Reverses Celestial; UniCredit Right to Refuse Payment

In a high profile case involving standby letters of credit issued in connection with aircraft leases to Russian airlines and

Hindsight since 2020: Market Trends Shaping Standby Practice

The onset of the global pandemic in March 2020 necessitated immediate and sometimes drastic changes in how banks and other

UNCITRAL Project on Negotiable Cargo Documents

United Nations Commission on International Trade Law (UNCITRAL) Working Group VI (Negotiable Cargo Documents) held its 44th Session at the

France Passes Digital Trade Documents Law

Seeking Best Practice on Tracing Standby LC Detrimental Amendments

In a bankers’ discussion this month, conversation focused heavily on standby LCs, particularly the handling of amendments.  One of questions

Court Rules Ukraine, Not England, Right Venue for Aircraft Disputes

England and Wales’ High Court of Justice has determined that legal proceedings between aircraft leasing companies and insurers over aircraft

OFAC Broadens Sanctions Targeting Houthi Network

On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities,

LCs Among Top Uses of Blockchain

Global trade & commerce – and specifically letters of credit – rank among the “Top 10 Use Cases for Blockchain”, according to

Five Draft ICC Opinions to be Discussed at July 2024 Session