Independence

Court’s Interpretation of LC as Conditional Form of Payment Benefits Seller

Even if a seller is responsible for an LC issuing bank’s failure or refusal to pay because it did

English Court Decides on Legal Nature of “Classic Performance Bond”

In Power Projects Sanayi Insaat Ticaret Ltd v. Star Assurance Co Ltd,[[1]] the English Commercial Court held that under

Petefish Skiles & Co v. Meads-Maes USA Chiren Joint Venture Company [2025]

Case raises important questions and concerns about a URDG guarantee issuer’s obligations and distinguishing an independent bank guarantee from an escrow account arrangement.

UBAF (Hong Kong) Ltd. v. CAMA (Luoyang) Aviation Protective Equipment Co. & Luoyang Aviation Engineering Construction Co. [2020]

Local Guarantor petitioned for rehearing from the Supreme People’s Court of order for Counter Guarantor to terminate payment to Local Guarantor for having committed guarantee fraud and not acting in “good faith”.

Lexon Insurance Co. v. FDIC [2021]

Beneficiary argued that LCs are not contracts or leases and that FDIC as Receiver of closed Issuer lacked the authority to repudiate.

LC Use in Commercial Real Estate Lease Transactions

Most issuers of, and beneficiaries under, letters of credit are familiar with the impact a tenant bankruptcy has on the

England’s Vexing Guarantee Legacy: Can Better be Done?

Did English courts finally define the difference between a surety guarantee versus a demand guarantee?

Arab Banking Corp. v. Boustead Singapore Ltd.