July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
4 min read
Recent writing has explored the notion that usance payment at sight (UPAS) letters of credit serve as an effective trade finance vehicle for contemporary times in certain markets, bridging the old world of LCs and the new world of supply chain finance. Here, DCW highlights key findings from the article and presents additional perspective.
Read next
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 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
DCW Updates
China Regulations Primed to Advance Electronic Documents Use
China’s revision of its Maritime Law which took effect 1 May 2026 not only ushered in enhancements of parties’
DCW Updates
India Announces Trade Facilitation Agreements
The Central Bank of India and India Exim Bank announced on 13 July 2026 that they have formulated a Master