Paul M. Roder co-chairs the Banking and Finance group at Moses & Singer LLP. He represents lenders and borrowers in sophisticated financing arrangements, including trade finance and letters of credit.
Paul Roder examines why the Court decision in Starr Indemnity is troubling both in its interpretation of the auto-extension clause and the practical effect it may have on the industry.
Enactment of the 2022 Amendments to the Uniform Commercial Code updates New York’s commercial law to fully recognize electronic records. They also affirm that signed electronic letters of credit have the same legal effect as paper-based LCs.
