News & Analysis as of

Letter of Credit Fraud

Blake, Cassels & Graydon LLP

La CSC rejette le pourvoi : un cas de fraude grave est nécessaire pour refuser un paiement aux termes d’une lettre de crédit

Le 25 avril 2024, la Cour suprême du Canada (la « CSC ») a rejeté une demande d’autorisation d’en appeler d’une décision rendue récemment par la Cour d’appel de l’Alberta (la « CAA ») dans l’affaire Pacific Atlantic Pipeline...more

Blake, Cassels & Graydon LLP

Supreme Court of Canada Denies Leave Application – Strong Case of Fraud Required to Refuse Payment of Letter of Credit

On April 25, 2024, the Supreme Court of Canada (SCC) denied leave to appeal the recent ruling of the Alberta Court of Appeal (ABCA) in Pacific Atlantic Pipeline Construction Ltd v. Coastal GasLink Pipeline Ltd. (Decision). In...more

Dorsey & Whitney LLP

UBS Puerto Rico, Others Tied to SEC Fraud Action

Dorsey & Whitney LLP on

When the bond market collapsed in Puerto Rico many clients at UBS Financial Services Incorporated of Puerto Rico had significant losses. Many had purchased shares of UBS PR closed-end funds or CEFs. UBSPR had been selling...more

King & Spalding

Energy Newsletter - December 2014

King & Spalding on

In This Issue: - Plans to build the first coal gasification plant in Britain - Letters of credit, on-demand bonds, and the "fraud exception" - Argentina amends its hydrocarbons law to boost exploration...more

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