Amanda Afeich

Apr 29, 2024 | canliiconnects.org | Philippe Boisvert |Amanda Afeich

What you need to knowA letter of credit entitles its beneficiary to be paid on demand from the issuing bank, so long as that demand is compliant with the terms and conditions of the letter of credit. Canadian law recognizes only one exception to this nearly absolute obligation: fraud. In Eurobank Ergasias S.A. v.