July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
DCW Updates
462 articles
(Page 26)
DCW Updates
Accounting Scandal Raises Questions about Supplier Finance
Published reports about the sudden collapse of Americanas SA into bankruptcy protection in mid-January 2023 suggest that the major
DCW Updates
Turkey Declares State of Emergency after Quakes
Turkey, by way of Presidential Decree No. 6785, has declared a three-month state of emergency in ten provinces impacted
DCW Updates
EU Banks, Corporates Cautiously Optimistic While Awaiting Decision on Treatment of Trade Finance Products
EU Parliament may keep trade finance instruments' CCF at 20% instead of 50%. Trade specialists urge caution; Cazenove of Societe Generale warns against potential risks to corporates and economies.
DCW Updates
ICC Draft Opinions for April 2023 Meeting Released
Two draft opinions, one new and one re-submitted, were released in mid-February to ICC National Committees for review
DCW Updates
Bank of Punjab Empowered to Issue LCs Supporting Pharma Needs
Punjab Health Minister Dr. Javed Akram directs Bank of Punjab to issue Letters of Credit (LCs) for crucial pharmaceutical imports amidst concerns over foreign currency constraints. Details on safeguards and bank selection remain unclear. Stay updated on this development.
DCW Updates
2023 ICC Dates and Status of TABs
The next ICC Opinions session will take place on 18 April 2023 in a purely virtual setting, followed by a
DCW Updates
Bangladesh’s Misinvoicing Problem
No country has greater reliance on letters of credit than Bangladesh so it is reasonable to surmise that reports in
DCW Updates
Kelly-Louw Appointed Department Head
Effective 1 January 2023, Professor Michelle Kelly-Louw has been appointed Head of the Department of Commercial Law for a three-year term at the University of Cape Town (UCT)
DCW Updates
RBI Takes Action against Zoroastrian Bank for Compliance Failure
The Reserve Bank of India (central bank) has assessed an INR 1.25 crore (USD 153,000) penalty against Zoroastrian
DCW Updates
Pakistan Expands Import LC Requirement
In an effort to boost protection of the country’s dwindling foreign reserves, the government has directed all importers to
DCW Updates
Banks Upbeat EU Could Keep 20% CCF for Trade Finance Products
According to published reports, the EU appears to be on a path for abandoning a planned tenet of Basel reforms
DCW Updates
Inflation Causing Captive Insurers to Re-Think LC Use
Inflationary pressures and resulting interest rate hikes are forcing captive insurers that have relied on letters of credit as a