Bank Guarantees in International Trade:The Law and Practice of Independent (First Demand) Guarantees and Standby Letters of Credit in Civil Law and Common Law Jurisdictions

Bank Guarantees in International Trade is a comprehensive study of the legal and practical aspects and implications of independent (first demand) guarantees and standby letters of credit. It serves to broaden the understanding of the law on the subject of bank guarantees, while placing marked emphasis upon the practical implications and issues which can arise in the daily functioning of these legal instruments.
The work comprises all reported case law from the Netherlands, Germany, France, the United Kingdom and Belgium. It also takes into account the law in certain other European countries and the United States and provides valuable insight into the governing law of bank guarantees in numerous regions, particularly within the Middle East and North Africa.
Written from a transnational perspective, this book can be used in other jurisdictions. The texts of the 1992 ICC Uniform Rules for Demand Guarantees and the UNCITRAL Convention have been included.