DCW Updates
ISBP Revision at a Crossroads
The ICC Banking Commission sent out its comments on ISBP Revision Draft 3 feedback received from 19 ICC National Committees
Questions about the ICC Opinion Handling Process
The ICC Banking Commission’s “ICC Official Opinion Handling Procedure and Terms of Reference”, last updated in June 2023, sets
Singapore Court Dismisses Appeal in Circular Oil Trade Case
Banque de Commerce et de Placements S.A. (BCP) of Switzerland has lost its appeal of a High Court of
UNCITRAL Approves Draft UN Convention on Negotiable Cargo Documents
On 14 July 2025, the United Nations Commission on International Trade Law (UNCITRAL) announced its approval of the draft convention
BAFT Releases Paper on ISO 20022 Migration in Sanctions & Compliance
As the latest installment in its series of papers on the financial industry’s shift to ISO 20022 messaging standards,
If Requested Copies are not Presented, is It a Discrepancy?
LCs calling for copies and photocopies. Does it make a difference if copies are called for by the applicant compared
In Memoriam: Fred Miller
Frederick “Fred” Heins Miller, Jr, professor of law at the University of Oklahoma for 45 years, died on 13 February
DCW Monthly: July 2025
This month, we explore how digitalisation is reshaping commercial law across key jurisdictions. Marek Dubovec compares UCC Article 12 and
Calculating Confirmation Fees
In a recent discussion, bankers were asked how they calculate confirmation fees as a standard practice: 1) from the advising
Company Failed to Prove ‘Asleep at the Wheel’ Director Responsible for Losses
In reversing a 2024 trial court ruling, Singapore’s Appellate Division of the High Court found that a former director
New York Regulator Issues Guidance Amid Ongoing Global Conflicts
Expressing concern that ongoing global conflicts have increased the prospects of cybersecurity attacks directed at the US financial sector, the
OFAC, FinCEN Actions Target Iran’s Shadow Banking Network
Two divisions within the US Department of the Treasury took coordinated steps on 6 June 2025 to counteract Iranian operations
