DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
Wuhan
3 articles
DCW Updates
English Court Decides on Legal Nature of “Classic Performance Bond”
In Power Projects Sanayi Insaat Ticaret Ltd v. Star Assurance Co Ltd,[[1]] the English Commercial Court held that under
DCW Articles
Shanghai Shipyard, What Now for the English Guarantee?
The historical challenges of suretyship in English law, emphasizing the need for modernizing guarantee forms. Recent cases, like Shanghai Shipyard, underscore the importance of clarity.
DCW Updates
England’s Vexing Guarantee Legacy: Can Better be Done?
Did English courts finally define the difference between a surety guarantee versus a demand guarantee?