DCW Updates
ICC Clarifies Opinion Withdrawal Process
The ICC Banking Commission has released a Steering Committee Statement to its members and ICC National Committees regarding withdrawal of
In Memory of James G. Barnes
I had the privilege of knowing Jim, or “Dr. Barnes” as he was respectfully called, for almost 40 years. We
ICC Releases Draft Opinion for January 2026 Session
Just one Draft Opinion will be addressed at the ICC Banking Commission’s next quarterly discussion on 27 January 2026.
New York Governor Signs Bill, Updating State’s UCC
Further to prior reporting and analysis in DCW, New York Governor Kathy Hochul signed into law updates to New York’
Singapore Court Affirms Judgment, Rejects Applicant’s ISP98 Arguments
In DJY v. DJZ[[1]] involving a standby letter of credit, the Appellate Division of Singapore’s High Court dismissed
Standard Chartered Bangladesh Launches Receivables Finance Solution
Seeking to enhance liquidity for Bangladesh exporters by enabling their early repatriation of export proceeds under deferred payment letters of
2025 ICC Trade Register Released
On 4 November 2025, ICC announced availability of its 2025 Trade Register. First produced in 2010, the ICC Trade Register
FinCEN Clarifies Aspects of SAR Requirements
On 9 October 2025, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), in concert with other
AI Training Moving From Trend to Expectation
Jump to Poll Two of the world’s largest banks have now made AI training a mandatory part of staff
Bangladesh’s Central Bank Cracks Down on Splitting LCs
Since Bangladesh Bank, the country’s central bank, established its Foreign Exchange Policy Department (FEPD) as a dedicated department for
Singapore Court Upholds Running Account Despite Sham Deals
When businesspeople engage in mutual business dealings and loans to each other under multiple corporate entities they operate but their
Ugandan Bank Entitled to Recover through Properties Sale
The High Court in Kampala (Uganda) upheld an appellate court decision on 25 July 2025 that Equity Bank lawfully sold
