DCW Monthly: July 2026

Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never

Chris Sandler Jul 21, 2026

DCW Updates

Reimbursing Bank in NY Not Enough for Jurisdiction, Says Court

In a recent complaint filed in New York, a Singapore trading company has asserted that a Bangladesh bank did not

DCW Newsroom Jul 20, 2026

DCW Updates

Unassignable Guarantees & Applicable Law

Banks are often advised by their lawyers to issue a demand guarantee with the condition that it is unassignable and

Christopher Byrnes Jul 20, 2026

US dollar reserves

1 article

DCW Updates

Sri Lanka Banks Again Honouring LCs

After months of depleting US dollar reserves and denial of importers’ LCs amid the country’s dire foreign currency crisis, some Sri Lankan banks have managed to honour LCs.

Christopher Byrnes Aug 8, 2022