Jenner & Block

Institute of International Banking Law & Practice's Letter of Credit Law Summit, New York, NY

Jenner & Block Partner Carter H. Klein spoke at the Institute of International Banking Law & Practice’s Letter of Credit Law Summit held October 18-19 in New York City at the law offices of Bingham McCutchen.

Mr. Klein participated in three panels: Negotiating the LC Reimbursement Agreement; Governmentally and Insurance Company Mandated Forms of Letters of Credit; and Open Forum.

The Institute of International Banking Law & Practice is a not-for-profit educational and research organization dedicated to achieving a better understanding of banking law and practice and their relationship to each other. For more than ten years, it has brought together leaders of the letter of credit community from the fields of banking, law, business, regulation, and academia in forums and educational events to foster and promote the exchange of ideas.

The Institute hosts the Summit each year to bring together leaders of the letter of credit community from banks, law firms, regulatory agencies, importers, exporters, and third party intermediaries in interactive forums and educational events designed to foster and promote the exchange of ideas. Through its private training and seminars, the Institute has trained representatives of organizations from around the world.

A member of the Firm’s Corporate, Commercial Law and Uniform Commercial Code, and Corporate Finance Practices, Mr. Klein has developed extensive experience with Article 5 of the Uniform Commercial Code – Letters of Credit.   He participated in the drafting process for that article and in the drafting of the International Standby Practices 1998, and served as Chair of the Letter of Credit Subcommittee of the ABA’s UCC Committee, and is a member of the editorial advisory board of Documentary Credit World, which is published by IIBLP.