Given the success of practice rules and banks’ ability to more readily find resources for the proper interpretation of the rule sets, does it not make sense to avoid inclusion of a governing law or jurisdiction clause?
The recent case of Illinois DNR v. Regions Bank illustrates the importance of clear wording of automatic extension clauses and issuing banks including a final expiration date in their standbys.
How LC Proceeds Impact Bankruptcy Damage Caps: Explore how a U.S. court ruled LC proceeds as security deposits under bankruptcy caps, reshaping landlord claims and issuer risks.
Part of the Solo Industries frauds, this is the appellate court review of the trial court.
Beneficiary Solo Industries sued issuer Canara Bank for wrongful dishonor.
