Letter of Credit Undertakings and Suretyship Contracts

[Sapphire Capital]

Letter of Credit Undertakings and Suretyship Contracts: Did the Fifth Circuit Slip in Express Blower, Inc. v. Earthcare, LLC?

John Dolan

Wayne State University Law School

2012

Banking Law Journal, Volume 129, Number 4, pp. 291-300, April 2012
Wayne State University Law School Research Paper No. 2013-16

Abstract:
Professor Dolan discusses the commercial policies disserved by the characterization of letters of credit contained in a recent decision by the U.S. Court of Appeals for the Fifth Circuit, and the abundant authority that contradicts the Fifth Circuit’s view.

Attachments:

Letter of Credit Undertakings and Suretyshi....pdf (592.24 KB)

[simone12]

We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed.

We will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.

For further inquiry contact
Name: Mr. Simone Zacchino
Email: [e-mail]
Skype ID: bgbroker.chino