Courts have been struggling to determine the proper grounds for the issuance of an "injunction against honor. The purpose of this Note is to analyze exactly which circumstances warrant an injunction against honor. Part I will discuss the origin and development of the relevant law in this area. Part II will analyze those situations in which courts have had to consider issuing injunctions due to active fraud in the underlying transaction. Part III will explore the issue of prospective fraud as a ground for enjoining honor which was raised in the recent Iranian letter of credit litigation.
Stephen P. McLaughlin,
Letters of Credit: Exploring the Boundaries of Injunctions Against Honor,
4 Fordham Int'l L.J. 161
Available at: http://ir.lawnet.fordham.edu/ilj/vol4/iss1/7