DCW Updates
DCW Monthly: September 2025
From London to New Delhi to New York, this issue brings together the latest laws, rulings, and rule-set debates in
Natixis Funding v. GenOn Mid-Atlantic
3 articles
Standby LC
Case Illustrates Perils of Drafting LC Draw Caps and Handling Non-Standard LC Transactions
In Natixis Funding Corp. v. GenOn Mid-Atlantic, the 5th Circuit addresses crucial aspects of letter of credit practice, exploring prepayment, collateralization, structured finance, indemnities, good faith limits, and consequences of drafting errors.
DCW Articles
Letters of Credit: 2020 Cases
This survey concentrates on the most significant letter of credit (“LC”)1 issues addressed in cases decided in the United
