DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
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This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
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.
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
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.
In a highly anticipated ruling, the English High Court concluded that AerCap Ireland Limited and other lenders who lost aircraft
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
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