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Jenner & Block Partner Carter H. Klein participated in three days of programs at the American Bar Association’s Business Law Section Spring Meeting in Los Angeles. On Thursday, April 10, Carter and Robert Hunter, deputy genera counsel of The Clearing House Payments Company, co-chaired the joint meeting of the UCC Payments Subcommittee and the Electronic Banking Subcommittee, where recent payments law developments were discussed. At the Letter of Credit Subcommittee meeting on Friday, April 11, he reported on troublesome trends in letter of credit law and practice and explained the legal structure of the new Bank Payment Obligation, jointly promulgated by the Banking Commission of thcorpoe International Chamber of Commerce and SWIFT on the SWIFT’s electronic trade utility platform. On Saturday, April 12, Carter was a panelist with Simon Baker, formerly with Sony Pictures; Karen Nash-Goetz, vice president and senior legal counsel of T. Rowe Price; and Mary Binder, vice president and assistant general counsel of JPMorgan Chase Bank, in a CLE program titled “Do I have a Choice: Bank-Customer Commercial Account Deposit and Payment Agreements.”
Carter is a member of the Corporate, Corporate Finance and Bankruptcy, Workout and Corporate Reorganization Practices. He concentrates his practice on Uniform Commercial Code work, secured and unsecured lending, asset sales and purchases, trade finance, outsourcing, payments, financial services and regulation and credit enhancements and workouts. He has particularly extensive experience with Article 5 of the Uniform Commercial Code – Letters of Credit.