Publications

Letters of Credit

3 Articles and Other Items Found

Click Here for Some of Joshua Stein's Completed Matters (Letters of Credit)

An Update on the Bankruptcy Law of Large Letters of Credit for Leases [2009]mail

If a tenant files for bankruptcy, the Bankruptcy Code may cause a ''Claim Cap Problem'' for a landlord that accepted a large letter of credit in lieu of a cash deposit as security for the commercial lease. Joshua Stein offers guidance to landlords on how to understand and perhaps even avoid the problem.
Legal Issues, Practices, and Practicalities for Letters of Credit [2009]mail

This article discusses the issues, some specific to commercial space leasing, that arise when a landlord or other beneficiary accepts a standby Letter of Credit to back an obligation. Includes a sample letter of credit with commentary.
Model Agreement for Letter of Credit in Place of Security Deposit (Lender-Controlled) [2001]mail

When a tenant uses a letter of credit in place of a security deposit, this can create a complex 3-way relationship among tenant, landlord, and the landlord's mortgage lender. This article explores that relationship, with a sample agreement that might govern it.

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Joshua Stein PLLC
Please Note Our New Address:

110 West 57th Street, 4th Floor
New York, NY 10019 (212) 688-3300

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Letters of Credit

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