Problematic Provisions in Standby Auto-Extension Clauses

April 2014

By: Thomas Volet

Documentary Credit World

In the April 2014 issue of Documentary Credit World (a publication of the Institute of International Banking & Law Practice) Thomas Volet discusses problems arising from imprecisely drafted automatic extension clauses in standby letters of credit.  Tom is a member of the IIBLP's Task Force on Model ISP98 Governmentally Mandated Standbys.

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