Research Catalog
Letters of credit and bank guarantees under international trade law
- Title
- Letters of credit and bank guarantees under international trade law / Matti S. Kurkela.
- Author
- Kurkela, Matti, 1951-
- Publication
- New York, N.Y. : Oxford University Press, c2008.
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Available - Can be used on site. Please visit New York Public Library - Schwarzman Building M2 to submit a request in person. | Text | Use in library | K7384.L48 .K87 2008 | Schwarzman Building M2 - General Research Room 315 |
Details
- Additional Authors
- Kurkela, Matti, 1951-
- Description
- xvi, 501 p. : ill.; 26 cm.
- Subject
- Note
- Rev. ed. of: Letters of credit under international trade law. c1985.
- Bibliography (note)
- Includes bibliographical references (p. 473-487) and index.
- Contents
- Introduction -- The instruments -- The "mechanics" and the simple legal structure of the instruments -- Comfort letters -- Bonds -- Traditional guarantees and sureties -- The function of bank guarantees -- On-demand guarantees -- Letters of credit -- Confirmed letters of credit -- The three main functions of commercial credits -- The function of standby credit -- "Blended" facilities -- Amendments of the instrument -- The right and remedy of set-off -- Security interest in the documents or goods -- Disclaimers -- Transerability -- No "bearer" rights -- Assignability -- Subrogation -- Indemnity agreements -- Reimbursement, and an introduction to indemnity agreements ("services agreements") -- "Good faith" and representations and warranties made by the beneficiary -- Features of the agreement and sample clauses -- Doctrine of (substantive) independence (autonomy) -- Bank-to-bank indemnity -- General -- The role of the underlying agreement and the balance -- Honour and the "moment of death" of the instrument -- Strict compliance doctrine -- The requirement of consistency -- The "as tendered" or è contrario rule -- Interviews with experts -- The liability of the banks -- Fraud -- Fraud ("abuse") or "fraus omnia corrumpit", generally -- Establishing that fraud exists--the necessary sequence -- Duty (right) to refrain from paying -- Fraud and good faith -- Clear proof -- Whose fraud is relevant? -- Links required and risks assumed -- Who bears the loss? -- Nullity exception -- Illegality -- Observation and remarks -- Interpretation of instruments -- General -- Waiver doctrine : express and implied waivers -- Conditions subsequent -- "Pay or extend" claims -- Contractual patterns -- Sample of use of credits and guarantees in a construction contract -- Refusal, dishonour, and remedies -- What constitutes refusal?--teachings from Bank of China -- Dishonor -- Remedies--a substantive or procedural issue? -- Duty to mitigate and contributory negligence -- What remains or may remain to be governed by national laws -- De lege ferenda -- Jurisdiction and choice of law -- Interplay of lex mercatoria, conflict of laws and national law -- Applicable law -- A preference for English law -- Jurisdiction.
- Call Number
- K7384.L48
- ISBN
- 9780195323160 (cloth : alk. paper)
- 0195323165 (cloth : alk. paper)
- LCCN
- 2007020035
- OCLC
- 126802822
- Author
- Kurkela, Matti, 1951-
- Title
- Letters of credit and bank guarantees under international trade law / Matti S. Kurkela.
- Imprint
- New York, N.Y. : Oxford University Press, c2008.
- Edition
- 2nd ed.
- Bibliography
- Includes bibliographical references (p. 473-487) and index.
- Connect to:
- Added Author
- Kurkela, Matti, 1951- Letters of credit under international trade law.
- Research Call Number
- K7384.L48 .K87 2008