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)
India’s Central Bureau of Investigation (CBI) is looking into a complaint, alleging that a Mumbai-based civil construction firm and others caused an INR 255 crore (USD 30.4 million) loss for a bank by diverting funds to other accounts.
Six owners and associates of Prizam Alliance Pvt Ltd. of Surat, India, are under investigation by the Economic Crime Prevention
A Nigerian man believed to have conspired with others to pursue fraudulent tax return refunds of at least USD 8.
Although not near as commonplace as in the 1990s, standby letters of credit are still being pitched as investment instruments.
Tata Steel has announced execution of its first import shipment using an electronic bill of lading. According to a 11
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