Jenner & Block

“Standby Letters of Credit: Current Issues/Hot Topics,” The Boeing Company - Letter of Credit Roundtable Discussion, Chicago, IL

Jenner & Block Partner Carter H. Klein spoke at a Letter of Credit Roundtable Discussion held September 20th at Boeing's Headquarters in Chicago for treasury management personnel from Boeing, Lockheed, General Dynamics, Raytheon, Northrup Grumman, Rockwell Collins, Honeywell and Bechtel.  Mr. Klein led a session entitled, “Standby Letters of Credit: Current Issues/Hot Topics,” where he discussed the current status of letters of credit, developing caselaw, current issues such as the statutory award of attorneys fees in letters of credit cases, and practical advice on drafting letters of credit, drawing on them and the conditions and circumstances in which draws may be enjoined.