DCW Updates
DCW Monthly: June 2025
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
Vesttoo
8 articles
DCW Updates
Former Bank Managers Face Charges in Hong Kong Related to False Standby LCs
Hong Kong’s Independent Commission Against Corruption (ICAC) which previously brought conspiracy charges against two ex-bank managers for their alleged
DCW Updates
Porch Group Settles with Vesttoo Creditors Liquidating Trust
Porch Group, which has pursued multiple lawsuits in attempting to recover heavy losses from the Vesttoo reinsurance letter of credit
DCW Feature
China Construction Bank Sued Over LC Fraud Connected to Vesttoo
White Rock, an insurance solutions provider owned by Aon, filed a lawsuit on 27 August 2024 against China Construction Bank
DCW Updates
Investigations Expand into Vesttoo LC Fraud Allegations
The US Federal Bureau of Investigation’s (FBI) has reportedly begun its own probe into allegedly fraudulent letters of credit