USA: May the applicant and beneficiary of a letter of credit be the same person?

This presentation by MSI's NYC law member Moses & Singer explores an unusual banking and finance topic which should be of interest to all attorneys who deal with letters of credit, regardless of which jurisdiction they practice in.

United States letter of credit law in the form of Uniform Commercial Code Article 5 is cited, but the topic and slides should be of interest to all attorneys who deal with letters of credit, regardless of which jurisdiction they practice in. View and download the presentation by Michael Evan Avidon, Esq. Moses & Singer LLP, here