DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
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ISP98 Rule 3.07: Separateness of Each Presentation
Beneficiary argued that LCs are not contracts or leases and that FDIC as Receiver of closed Issuer lacked the authority to repudiate.
This survey concentrates on the most significant letter of credit (“LC”)1 issues addressed in cases decided in the United
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