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Litigation

May 20, 2000

Credit Balance

^^SPECIAL ISSUE: ADR^^ By Gerald T. McLaughlin and Paul Turner When parties need to mediate letter- of- credit disputes, counsel should hire a mediator who is familiar with standard banking practice as well as the special rules applicable to letters of credit.

By Gerald T. McLaughlin and Paul Turner
        When parties need to mediate letter- of- credit disputes, counsel should hire a mediator who is familiar with standard banking practice as well as the special rules applicable to letters of credit.
        A letter of credit, whether commercial or standby, is a mechanism for payment of funds. The i...

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