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Client Guide to Trade Finance Disputes: Letters of Credit
Guide
10 December 2025
2 MIN READ + PDF
3 AUTHORS
Letters of credit (LCs) are the oldest and one of the most common types of short-term trade finance, famously described by the English courts as the “lifeblood of international commerce”. This guide outlines the key features of LCs, highlights legal and practical risks under English law and identifies areas where disputes can arise.
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