Repudiation

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.

Analysis and Insights on ISP98 Rule 3.07
ISP98 Rule 3.07: Separateness of Each Presentation
Lexon Insurance Co. v. FDIC [2021]
Beneficiary argued that LCs are not contracts or leases and that FDIC as Receiver of closed Issuer lacked the authority to repudiate.

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