The bank regulatory framework for letters of credit was revised by the Office of the Comptroller of the Currency in its interpretive ruling on independent undertakings to pay against documents. The revised ruling became effective on April 1, 1996. It was published in 61 FR 4849 and will be codified in 12 CFR 7.1016. Finally, the Convention on Independent Guarantees and Stand-by Letters of Credit was approved by the United Nations General Assembly in December 1995 and opened for signature and ratification by interested countries, notably the U.S. and several dozen other countries actively involved in its drafting. L.L.P. Brown Bag Programs provide Business Law Section benefits to current and prospective members on a local basis.
People can attend without the disadvantage of travel and time away from work.
The programs are informal and are usually held over the lunch hour for attorneys in the same city. Brown Bag Programs are easy to provide. You may prepare a program using videotapes or written materials that have already been prepared by others in connection with recent Business Law Section programs. She will provide information and assistance. She can arrange for CLE credit for a program, if requested.