LC Law
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.
ISP98, A Success Story
A member of the ISP drafting group offers perspective on the vision, birth, development, and future of the international rules built 25 years ago for standby LC practice.
What to Watch For: Six Trends in Letter of Credit Practice (2012)
Looking back at Professor James E. Byrne's 6 predictions for LCs in 2012 - see how they hold up.
2023 Americas LC Law Summit: Executive Summary
For the 24th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Americas Letter of Credit Law Summit.
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
Letters of Credit in U.S. Bank Failures: Possible Outcomes
Creditworthiness and reliability are foundational to letters of credit. By substituting the creditworthiness of the issuing bank for that of
LC Implications from the Fallout of the SVB, Signature Bank Failures
The abrupt mid-March 2023 closures of Silicon Valley Bank (SVB) and Signature Bank sent shockwaves through the US banking system
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.
Windsor Township v. Tompkins Financial Corp. [2021]
Developer Greth Development secured a letter of credit from Tompkins Financial to ensure completion of a townhouse project for Windsor Township. After project delays and a breach, Windsor sued the developer and demanded payment from Tompkins, who refused.
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
