Dorsey partner and Construction practice co-chair Jocelyn Knoll is part of the faculty for the 2008 American Bar Association (ABA) Forum on the Construction Industry. Knoll will present on the topic of "Calls on Letters of Credit: What do We do Know?" As the bond market has hardened, letters of credit are becoming more popular as substitutes for bonds. Letters of credit, with strict limitations as to their draw requirements, and their ability to cause economic harm in a much more rapid way than a surety’s investigatory process, may create crisis issues for both those seeking to draw on such security and those seeking to prevent or impede such draws.

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