Some Good News for Landlords - Letters of Credit and Tenant Bankruptcies:

Some Good News for Landlords - Letters of Credit and Tenant Bankruptcies: 

Given the dire effect of Covid-19 coupled with government lockdowns to try and stop the spread of the virus, much of the business sector is reeling financially and many commercial tenants and landlords could end up in bankruptcy.  A very recent case has afforded some comfort to a landlord who holds a letter of credit from a tenant as security, provided the letter of credit and lease are properly drafted..... for the article on that case click here .