Wrongful Dishonor
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.
ANZ Bank, Manila Branch v. China National Electric Engineering Co., Ltd. & Bank of Jiangsu [2024]
Retrial application dismissed in case involving a dispute over alleged fraud and application the PRC Independent Guarantee Provisions to a standby LC governed by ISP98.
ERA Capital L.P. v. Soleil Chartered Bank [2024]
Bench trial for negligent misrepresentation claim by beneficiary against advising bank.
Letters of Credit*
Continuing an annual survey written by top legal experts each year since 1992, Carter Klein examines the most significant letter of credit issues emerging from cases decided in 2023.
World Fuel Services, Inc. v. First Service Bank [2024]
Issuer First Service Bank moved to dismiss wrongful dishonor complaint brought by World Fuel Services.
Lavi v. Bank Negara Indonesia [2023]
Pro se Beneficiary sued Issuer for wrongful dishonor.
Project Stewart, LLC v. JPMorgan Chase Bank, N.A. [2022]
Beneficiary sued Issuer for Wrongful Dishonor.
