DCW Updates
DCW Monthly: March 2025
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
DCW Articles
Under LC Rules, What is a Complying Certification of a Court Order?
Beyond questions on the rule of strict construction of LC terms, the In re Spiegel case should engender a discussion of the requirements of UCP vs. ISP on what certified means with respect to a government or court-issued document.
4 min read
In re Spiegel,[[1]] raises interesting questions on the rule of strict construction of LC terms, how the UCP compared to ISP98 treats certifications, and how to draft reimbursement agreements to avoid or minimize claims for wrongful honor in the situation involved in Speigel – the technical requirements of a certification of a court order.
Read next
DCW Conference Report
February 2025 ICC Banking Commission Meeting: Executive Summary
The ICC Banking Commission returned to Dubai, UAE, for its 2025 Annual Meeting on 17 February. The one-day event was organized by ICC UAE and hosted by Dubai Chambers. In addition to those participating in-person, others attended virtually.
DCW Articles
Revising UCP 600: Weighing the Issues, Merits, and Challenges
In the fifth instalment of his DCW article series on major contemporary issues surrounding documentary credit practice, ICC Banking Commission Senior Technical Advisor Dave Meynell offers his thoughts on the highly-charged question: Is it time for UCP to be revised?
DCW Articles
Sanctions Clauses – Here to Stay, so How to Deal with Them?
Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
DCW Updates
Why So Few ICC Opinions?
In 2022, the ICC Banking Commission began handling and discussing ICC Opinions on a quarterly basis instead of on a
