LC Cases
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.
UBAF (Hong Kong) Ltd. v. CAMA (Luoyang) Aviation Protective Equipment Co. & Luoyang Aviation Engineering Construction Co. [2020]
Local Guarantor petitioned for rehearing from the Supreme People’s Court of order for Counter Guarantor to terminate payment to Local Guarantor for having committed guarantee fraud and not acting in “good faith”.
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.
Letters of Credit: 2020 Cases
This survey concentrates on the most significant letter of credit (“LC”)1 issues addressed in cases decided in the United
ARSS – SIPS (JV) v. Union of India [2021]
ARSS – SIPS (JV) v. Union of India involving the seeking of an injunction on payment under a performance guarantee was heard by the Honourable Shri Sanjay K. Agrawal and Shri Arvind Singh Chandel of the High Court of Chhattisgarh at Bilaspur.
