ISP98
2023 Americas Standby Forum: Executive Summary
11 October 2023, New York For the 17th consecutive year, the Institute of International Banking Law & Practice conducted its
Electronic Presentation of Documents? It’s Already Happening
Despite established rules like the eUCP and eURC, the practical implementation of electronic presentations lags. Except perhaps via email and Fax...
Jin Provides Update on Standby LC Cases of Significance in China
Prominent Chinese lawyer Saibo Jin alerted delegates at the IIBLP Annual Survey of LC Law & Practice in Hong Kong
Application of US Uniform Commercial Code Article 5 in International Letter of Credit Transactions
A look into application of US UCC Article 5 for letter of credits outside of the United States
Energy LEAP Drafts Standby LC Wording for Oil Industry
Energy LEAP, a not-for-profit organisation in which member companies across the oil trading industry work to define standards which offer
Comment on the Windsor Township Case of the Lost Original LC
The Windsor Township v. Tompkins Financial Corp. case emphasizes the significance of original letters of credit but questions their necessity in modern electronic transactions.
Standby LCs Are Good Business – If You Know What You Are Doing!
Proposed EU Capital Requirements Regulation changes may raise credit conversion factor for standby letters of credit. Limited data suggests low default rates. Banks issue standbys for fees, and despite credit risk, many expire unused.
Bad Standby LC Wording from Beneficiaries: Push Back or Get Pulled In
A chronic concern for banks is when intended LC beneficiaries – often government agencies, municipalities, insurance companies, and other so-called power
UCP and Standbys
Use of UCP600 for standbys continues, despite there being better suited rules in ISP98
On His Retirement, Barnes Recognizes Collaboration With Byrne
DCW wishes to recognize my retirement as a lawyer after 50+ years, all with Baker & McKenzie1 and including 30+
LC Legend Jim Barnes Retires
Following a career of more than 50 years as a lawyer, including more than three decades concentrating on letters of
Successor by Operation of Law and Amendments
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being presented
