reimbursement
Letters of Credit
In the latest installment of this annual survey article series, Carter Klein examines the most significant letter of credit issues emerging from cases decided in 2024.
North American Airlines, Inc. v. Wilmington Trust Co.
Lessee sued Lessor/Owner Trustee for breach of contract and conversion.
US Attorney Informed of Pending Motion Regarding International Sanctions
Upon request of its customer, Lummus Technology Heat Transfer B.V., Credit Agricole Corporate & Investment Bank issued a letter
U.S. Bankruptcy Code’s Effect on Letter of Credit Parties Simplified
U.S. Bankruptcy law and letters of credit fit uneasily together since each set of laws generally ignores the other.
Back to the Basics: Honour, Negotiation, and Reimbursement of Letters of Credit
Honour, negotiation, and reimbursement – individually and collectively – are perhaps some of the least understood (or most misunderstood) terms in letter
Counter Standby/Counter Guarantee Practice: The Problems of Nomenclature
The lack of a common nomenclature for counter undertakings invites problems for practice and has plagued the industry for decades. It doesn't have to be this way.
