Andrew is a Partner at HFW handling a number of high profile commodities and commercial litigation / arbitration matters. Andrew’s general dispute resolution work spans a wide range of areas including banking, financial services, insolvency, director / shareholder, fraud and general contract / tort disputes. He is regarded within HFW as a specialist in letters of credit and UCP 600 and regularly writes articles and give seminars / presentations on this topic.
Letters of credit are the oldest and most common type of short term trade finance, famously described as the “lifeblood of international commerce,” with some commentators suggesting their use stretches back to 3000 BC. What makes them so successful?