DCW Updates
In Memoriam: Rita Ricci (1959-2023)
The Trade Finance community was deeply saddened at the passing of Rita Ricci on 14 January 2023 after her courageous
Banking & Finance Lawyer Peter Carson Retires
Concluding a distinguished career in law, Peter H. Carson retired from Sheppard Mullin at the end of 2022. After starting
Iran, Russia Agree on SWIFT Substitute
With Iranian banks and some Russian banks unable to use SWIFT, the central banks of the two countries signed an
On His Retirement, Barnes Recognizes Collaboration With Byrne
DCW wishes to recognize my retirement as a lawyer after 50+ years, all with Baker & McKenzie1 and including 30+
Islamic Banks and Trade Compliance Expectations
Question: When it comes to Islamic trade finance transactions, are Islamic banks at a higher risk for trade compliance/TBML
The Depths of Crypto Mining
Favorable power costs and relatively low land prices are two factors that have attracted cryptocurrency miners to the US state
LC Community Pays Tribute to Hugo Verschoren (1956-2022)
The Trade Finance community has lost not only a great expert, but also a warm personality. Hugo Verschoren started his
LC Legend Jim Barnes Retires
Following a career of more than 50 years as a lawyer, including more than three decades concentrating on letters of
MT799 Misuse Diminishing, but Still Occurs
Very few banks will now issue an LC using the SWIFT MT799 format as most banks, especially in Europe, will
ICC Draft Opinions Released for January 2023 Discussion
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Successor by Operation of Law and Amendments
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being presented
ICC Briefing Addresses Practice of Modifying and Excluding UCP600 Articles
The ICC Banking Commission addresses the subject of “Modifications and Exclusions under Documentary Credits subject to UCP 600” in Technical
