DCW Updates

NY Supreme Court Grants Summary Judgment to BNP

The Supreme Court of New York issued decisions granting summary judgment to BNP Paribas for more than USD 46 million plus interest against Natixis.

ICC Technical Advisory Briefing No. 1 (TAB-1) - on Non-Documentary Conditions

The ICC Banking Commission released its “Technical Advisory Briefing No. 1” on the topic of Non-Documentary conditions in Documentary Credits subject to UCP 600.

Sri Lanka: Importers now Insisting on Confirmed LCs

As the country’s foreign exchange shortage worsens, regular suppliers of imports who previously extended credit terms are now insisting on confirmed LCs.

Stevenson Appointed SVP of Trade at BAFT

Longtime trade finance expert Scott Stevenson joined BAFT as Senior Vice President of Trade in 2021.

Joint Motion for Protective Order Granted in Zions

US Court granted a joint motion for a protective order in breach of contract action Zions v. JPMorgan.

Additional ICC Technical Advisory Briefing Topics Identified

Following the release of TAB-1, the ICC announced three future TABs for 2023 and beyond.

Bold Critique of SWIFT: Justified or Not?

Even as SWIFT volumes have ascended to record levels amid the global pandemic, The Economist has issued a call for

ICC BC Technical Advisory Briefings to Debut in 1Q22

Singapore Amends Its Electronic Transactions Act, Recognizes eB/Ls

Charges Multiply against Hin Leong Oil Trading Founder

Twenty-five forgery-related charges were levied last year against Lim Oon Kuin, founder of collapsed oil trading firm Hin

Making the Case for Simplified LCs

Speaking at the March 2021 meeting of the BAFT West Coast LC Committee, guest speaker Buddy Baker renewed his advocacy

Singapore’s ABS Establishes Industry Guidelines for Commodity Financing

The Association of Banks in Singapore (ABS), in concert with government agencies of Singapore, published a “Code of Best Practices