July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
Natixis Funding v. GenOn Mid-Atlantic
3 articles
DCW Feature
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
