Michael Evan Avidon

CURRENT MONTH (September 2025) Recent Developments in Bankruptcy Law in the Fourth and Ninth Circuits By Samuel (Yinan) Han, Duke University School of Law This piece is part of a series of summaries of the leading cases decided in the last year on bankruptcy. In a trio of notable recent decisions, courts across the Fourth and Ninth Circuits addressed important procedural and substantive issues in bankruptcy law.

If you are accepting a letter of credit (“LC”) as support for a payment or performance owed to you, what should you require? LC Features and Types Determining what to require depends on the underlying transaction supported by the LC and understanding two key features of an LC: it is documentary, and it is independent.

This article is related to a Showcase CLE program that took place at the ABA Business Law Section’s Hybrid Spring Meeting on Thursday, April 27, 2023. All Showcase CLE programs were recorded live and will be available for on-demand credit, free for Business Law Section members. On March 10, 2023, Silicon Valley Bank (SVB) was put into FDIC receivership, and at that time it was unclear exactly what process the regulators would follow.