DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
Demand Guarantees
Letters of Credit*
Continuing an annual survey written by top legal experts each year since 1992, Carter Klein examines the most significant letter of credit issues emerging from cases decided in 2023.
40 min read
This survey concentrates on the most significant letter of credit (“LC”)[[1]] issues addressed in cases decided primarily in the United States[[2]] in the year 2023, comments on the 2022 UCC Amendments affecting Article 5,[[3]] and notes developments in electronic and digital documents in LC transactions.
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