Developments in Letter of Credit Law: The Possibility of Non-Fraud Based Injunctions
Roger J. Johns, JD, LLM, and Mark S. Blodgett, JD, MBA
From a transactional point of view, a letter of credit is a contract used to reduce and allocate transaction risk by substituting the willingness and ability of known and trusted party for that of an unknown and/or un-trusted party to a contract. There are two basic types of letters of credit: documentary letters and stand-by letters.
Role of Land Commission Critical for Economy of New Mexico
From the earliest days of the territory, the role of the Commissioner of Public Lands and the State Land Office has been to maximize revenues for New Mexico’s public schools while preserving one of our state’s most valuable assets, state trust lands. More than 150 years ago the United States Congress granted lands to the Territory of New Mexico to generate revenue to establish and support public schools.
Complete Article: Role of Land Commission Critical for Economy of New Mexico
Christopher A. Erickson and James Libbin
Complete Article: Talking Points