Letters of Credit, Stand-by Letters and Bank Demand Guarantees
Crafting Credit Instruments for Domestic and International Financing Transactions
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide banking counsel with an analysis of the requirements of letters of credit and bank demand guarantees. The panel will discuss distinctions between the various documents and provide best practices for drafting documents in domestic and international commercial transactions.
Outline
- Commercial letters of credit
- Stand-by letters of credit
- Bank guarantees
Benefits
The panel will review these and other key questions:
- What are the distinctions between commercial letters of credit and standby letters of credit?
- How do bank guarantees differ from letters of credit?
- What are best practices for drafting and negotiating letters of credit and bank guarantees?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty

Kevin J. Connolly
Shareholder
Anderson Kill & Olick
He represents owners and developers of significant commercial, industrial and educational projects. He has experience... | Read More
He represents owners and developers of significant commercial, industrial and educational projects. He has experience with using bank guarantees for project finance in the Middle East and Europe. He worked on revising the United Nation’s protocols for securing its contracts, recommending bank guaranties for transactions outside the US and stand-by letters of credit for US transactions.
Close
Isaac E. Druker
Shareholder
Anderson Kill & Olick
His practice emphasizes corporate, commercial and financial matters, not-for-profit law and captive insurance... | Read More
His practice emphasizes corporate, commercial and financial matters, not-for-profit law and captive insurance companies. For 35 years, he has handled mergers and acquisitions; international and domestic business, investment and financial transactions; captive insurance; project finance; international and domestic joint ventures; and distribution, licensing and general commercial agreements.
Close