DCW Updates
A Thanks to Jim Barnes for His Contributions to the LC Community
Let's hear from some of the LC community as they share memories and stories of their time working
Pakistan: No Restrictions on LCs
Citing media misinformation intended to create uncertainty in the oil and gas market, the State Bank of Pakistan (SBP) issued
US Commerce’s BIS Adjusts Its AntiBoycott Rules Enforcement
The Bureau of Industry and Security (BIS), a division within the US Department of Commerce, announced it is updating its
Standbys without Expiration Dates
What can you, as a US bank, do when a customer tells you that they need you to issue a
Egypt to Phase Out Mandatory LCs for Imports
The Central Bank of Egypt announced in a statement released on 27 October 2022 that it will begin a process
In Memoriam: Francis Ho
Long-time trade finance operations manager Francis Ho died 1 October 2022. Francis who started in banking in October 1972 spent
Singapore Court Dismisses Bank’s USD 37m Claim Related to Hin Leong Transaction
In UniCredit Bank A.G. v. Glencore Singapore Pte. Ltd. decided 21 October 2022, the High Court of Singapore dismissed
South African Banking Law Expert Charl Hugo Honored
On 27 October 2022, Professor Charl Hugo, one of South Africa’s leading banking law experts was honored with a
Electronic Trade Documents Bill Introduced in UK
On 12 October 2022, HL Bill 57 – the Electronic Trade Documents Bill – was presented before the United Kingdom Parliament. The
Legal and Practical Aspects of B/Ls & LCs to be Discussed and Debated
Robert Parson, a leading lawyer advising in high profile trade and commodity finance cases, goes head-to-head with Vincent O’Brien,
Pakistan Curbs Imports
State Bank of Pakistan (SBP), Pakistan’s central bank, initiated a curb on imports in order to control foreign currency outflow due to Pakistan’s depleting foreign currency reserve situation.
India Wheat Exports Grows Despite Government Restrictions
In spite of government restrictions imposed in May 2022, wheat exports have since doubled due to pre-existing orders, the impact
