Standby & Guarantee Forum: November 4 Cases: * Illinois DNR v. Regions Bank – DCW Analysis * DJY v. DJZ – Full Text * Litasco
US Rev UCC 5-108(g) states: “If an undertaking constituting a letter of credit under Section 5‑102(a)(10)
Saudi IT firm, Al Moammar Information Systems Company (MIS), obtained a SAR 252 million (USD 67m) financing facility from Riyad
A DCW reader asked about the impact of a specific clause in a counter guarantee issued by a US bank under ISP98 and Saudi law. This clause raises concerns about the presentation of documents and potential payment restrictions.
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial
