Posted on May 13, 2021 |News

New York, NY (May 13, 2021) – NAM (National Arbitration and Mediation), one of the nation's leading providers of Alternative Dispute Resolution (ADR) services, is pleased to announce that Hon. Richard T. Andrias (Ret.) has co-authored the chapter on “Letters of Credit” in West's multi-volume treatise Commercial Litigation in New York Courts.

In the past, letters of credit were mostly utilized in international trade and the average practitioner was not overly familiar with the device. Thus, the chapter is written with both the novice and the regular user in mind. The contents of this chapter includes sections about the unique nature and principles of letters of credit, the types and parties to the letter of credit, and the sources of letters of credit law. For those familiar with letters of credit, the chapter also covers recent developments and discussions of strategic litigation approaches and objectives and the various remedies available. 

In the most recent Fifth Edition, Judge Andrias is joined by his former colleague, Hon. Judith J. Gische of the Appellate Division, First Department, as co-authors. The edition includes discussions on the trend to using letters of credit in place of traditional financial guarantees and then tentatively moving from total reliance on paper to electronic communications and documents.   It is a chapter that he has been writing for the past decade.

About NAM'S Neutral

Judge Andrias' illustrious judicial career includes serving for more than two decades as an Associate Justice of the Supreme Court, Appellate Division, First Department. During his distinguished career on the bench, he presided over innumerable motions, hearings, jury trials and bench trials and is known and respected for his legal acumen and superior settlement skills. His significant experience includes handling real estate, construction, matrimonial, copyright and trademark, and textile disputes. Prior to his judicial service, as a private practitioner, he focused on corporate and commercial litigation where he handled numerous construction disputes where he represented architects, engineers, owners and general contractors in matters that included contract interpretation, change orders, delays, cost overruns, labor, wage issues, and environmental impact statements. These projects involved both major public and private entities including, but not limited to, issues such as site selection, building collapses and water infiltration.

Judge Andrias is available to arbitrate and mediate cases throughout the United States.