August 2026
DCW Monthly: August 2026
Every industry eventually meets the bill for a problem it saw coming and filed away for later. Michael Byrne, IIBLP&
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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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At its quarterly meeting on 21 July 2026, the ICC Banking Commission reviewed and finalized six Opinions, including four dealing
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Beyond discussion and finalization of six ICC Opinions at its quarterly Technical Advisory Session on 21 July 2026, the ICC
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ICC Issues TAB on Force Majeure under UCP
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TAB-16 Addresses Three Aspects of Third Party Documents
Although not defined in UCP600, the expression “third party documents” in LC practice is commonly taken to mean documents issued