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.
3 min read
Following response in mid-2024 to proposed changes to its rules regarding letters of credit for recipients of high-cost competitive bidding support, the US Federal Communications Commission (FCC) opted to revamp its standard for US banks to be considered acceptable to FCC for purposes of issuing LCs. DCW had reported on the Proposed Rule issued on 5 July 2024 for which FCC sought comment.
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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.
DCW Articles
A Critical Review of ICC Opinion TA.948
Since a draft was included in the presentation at issue in ICC Opinion TA.948, it prompts important questions about examination not only under UCP but also under bills of exchange law.
DCW Updates
English Court Rules for Lenders in Russian Aircraft Lessor Policy Claims
In a highly anticipated ruling, the English High Court concluded that AerCap Ireland Limited and other lenders who lost aircraft
DCW Updates
ICC Releases Draft Opinions to be Discussed at August 2025 Session
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on