European Union Law For International Business

Author: Bernard Bishop
Publisher: Cambridge University Press
ISBN: 113948091X
Size: 39.14 MB
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However, it needs to be noted that the UCP 600 contains strict procedures that
banks must follow if the letter of credit is ... Inc. [1998] 670 NYS 2d 466, and the
discussion in K. Fung, Leading Court Cases on Letters of Credit, ICC Publishing,

The Fraud Rule In The Law Of Letters Of Credit A Comparative Study

Author: Xiang Gao
Publisher: Kluwer Law International
ISBN: 9041198989
Size: 62.23 MB
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After promulgation, s 5-114(2) was cited and utilised by courts and letter of credit
users in the United States on a ... of s 5-114(2) were not entirely faultless, in some
cases even leading to confusion among courts and letter of credit users.

American Leading Cases

Author: Horace Binney Wallace
Size: 55.53 MB
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Being Select Decisions of American Courts, in Several Departments of Law, with
Especial Reference to Mercantile Law ... No man is ever supposed to advance
money upon such a letter of credit, upon the mere credit of the party, to whom the

Standby And Commercial Letters Of Credit

Author: Brooke Wunnicke
Publisher: Aspen Publishers Online
ISBN: 0735517339
Size: 36.62 MB
Format: PDF, Kindle
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have also increasingly used standby letters of credit to secure developers'
obligations for public improvements associated with real estate ... Mercantile
National Bank,104 decided in 1973, remains a leading case in letter of credit law.

The Law Of Letters Of Credit And Bank Guarantees

Author: Agasha Mugasha
Publisher: Federation Press
ISBN: 9781862872202
Size: 54.88 MB
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difficult to recover from the recipient of the funds.65 This issue is illustrated by the
case of American Bell International v Islamic Republic of Iran,66 ... The bank
guarantee had been opened by Bank Iranshar in Iran and counter-guaranteed by
a standby letter of credit issued by ... Leading cases are Pastor v National
Republic Bank of Chicago, 390 NE 2d 894 (111, 1979); Federal Deposit
Insurance Co v ...

American International Law Cases Fourth Series

Author: Oceana Editorial Board
ISBN: 0199758921
Size: 12.29 MB
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Both standby and commercial letters of credit create “an obligation wholly
independent of the underlying commercial transaction. ... The guaranties and
counterguaranties at issue in this case share this essential feature of
independence from the underlying contractual relationships, and, ... Beyond this,
a leading treatise ...

Letters Of Credit And Demand Guarantees Defences To Payment

Author: Deborah Horowitz
Publisher: Oxford University Press
ISBN: 0199588538
Size: 15.37 MB
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No subsequent English case involving a letter of credit has permitted a fraud in
the transaction defence, and almost all of those cases have denied injunctive
relief. ... Among those who oppose such a defence is Professor John Dolan, one
of the leading letter of credit experts in the ... In an article entitled, 'Tethering the
Fraud Inquiry in Letter of Credit Law', Professor Dolan has endorsed the
importance of ...

Clive M Schmitthoff S Select Essays On International Trade Law

Author: Clive Maximilian Schmitthoff
Publisher: BRILL
ISBN: 9789024737024
Size: 29.10 MB
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Secondly, some recent English cases, in which conflict of laws problems relating
to letters of credit arose, will be reviewed. ... Five leading commercial judges, all
now sitting in the Court of Appeal, have referred to the letter of credit as 'the life ...