Corporate Counsel's Guide to Letters of Credit, 2022-2023 ed.

A primer on the world of letters of credit, Corporate Counsel's Guide to Letters of Credit describes letters of credit and their major elements and provides a comprehensive overview of letters of credit and standby letters of credit. Executive Legal Summaries, which can help you explain legal topics to executives, are included. This guide:

• Explains the important fraud exception

• Examines letters of credit in bankruptcy

• Discusses standby letters of credit

Chapters cover major issues, such as bankruptcy and other letter of credit authority. Case summaries further explain the law of letters of credit and offer examples of their usefulness. It also features sample letters of credit and applications for letters of credit from several major banks. The code governing domestic letters of credit and information pertinent to international transactions are included.