Introduction To Demand Guarantees & Standbys” is the latest title in the Institute of International Banking Law and Practice's case materials series. This 174-page soft-bound book features case studies and practical questions to stimulate understanding of contemporary court cases involving demand guarantees and Standby Letters of Credit.
The case materials are organized into chapters beginning with an initial discussion of guarantees and standbys and several court cases which take up the dispute whether the guarantee in independent or not (Chapter 1). The focus then shifts to sources of letter of credit law and the influence of practice (Chapter 2), automatic extension and reduction clauses (Chapter 3), confirmation, counter standbys, and counter guarantees (Chapter 4), LC fraud, abuse, and unconscionability (Chapter 5), and transfer & assignment and transfer by operation of law (Chapter 6).
The case materials are organized into chapters beginning with an initial discussion of guarantees and standbys and several court cases which take up the dispute whether the guarantee in independent or not (Chapter 1). The focus then shifts to sources of letter of credit law and the influence of practice (Chapter 2), automatic extension and reduction clauses (Chapter 3), confirmation, counter standbys, and counter guarantees (Chapter 4), LC fraud, abuse, and unconscionability (Chapter 5), and transfer & assignment and transfer by operation of law (Chapter 6).
Table of Contents
CHAPTER 1: “GUARANTEES” AND “GUARANTEES” (& STANDBYS): INDEPENDENCE & SANITYI. INTRODUCTORY NOTE
II. FORMS
III. QUESTIONS PURSUANT TO CASES
IV. CASES
CHAPTER 2: SOURCES OF LETTER OF CREDIT LAW
I. INTRODUCTORY NOTE
II. VARYING NON-DOCUMENTARY CONDITIONS
III. EXTEND OR PAY
IV. INCONSISTENCIES/CONFLICTS
V. REQUIRING PAYMENT NOTWITHSTANDING LETTER OF CREDIT FRAUD
CHAPTER 3: AUTOMATIC EXTENSION AND REDUCTION CLAUSES
I. WHAT ARE THEY
II. WHY: TRANSACTIONAL CONTEXT
III. THE RULES & LAW
IV. ISSUES AND PROBLEMS
CHAPTER 4: CONFIRMATION, COUNTER STANDBYS, AND COUNTER GUARANTEES
I. WHAT IS IT?
II. WHY?
III. LAWS AND RULES
IV. ISSUES AND PROBLEMS
CHAPTER 5: LC FRAUD, ABUSE, AND UNCONSCIONABILITY
I. INTRODUCTION
II. CASES
CHAPTER 6: TRANSFER AND ASSIGNMENT, & TRANSFER BY OPERATION OF LAW
I. WHAT IS IT?
II. WHY?
III. LAWS AND RULES
IV. ISSUES AND PROBLEMS
