Standby LCs
Analysis of Lessons Learnt From Natixis v. BNP From a Different Perspective
Analysis of Natixis, New York Branch v. BNP Paribas case. Insights on acknowledging notice of assignment, setoff rights, and lessons for LC issuing banks. Learn more about structuring SBLCs effectively
A Chinese Perspective on Assignment of Proceeds and Nomination Matters in BNP V. Natixis
The BNP v. Natixis case involved the assignment of letter of credit (LC) proceeds and nomination under an LC, raising legal considerations. The court ruled in favor of the assignee (BNP), stating that Natixis waived any right to setoff when accepting the assignment. A Chinese law view
Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes
Celestial Aviation Services, a subsidiary of Irish-based aircraft leasing giant AerCap, filed a USD 45.8m suit in London High
US Federal Home Loan Banks Release 2021 Data
The US Federal Home Loan Bank (FHLBank) system each released in February 2022 their unaudited financial results for year-end 2021.
Texas Man Sentenced for Fraud Involving Standby LC
Russell Hearld of Sugar Land, Texas, has been sentenced for wire fraud related to a scam involving a standby letter of credit.
