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The Independence Principle of Letters of Credit and Demand Guarantees (Hardcover, New)
Loot Price: R12,055
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The Independence Principle of Letters of Credit and Demand Guarantees (Hardcover, New)
Expected to ship within 12 - 17 working days
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The Independence Principle of Letters of Credit and Demand
Guarantees offers a comprehensive and authoritative analysis of the
principle of independence, a fundamental element of Letters of
Credit and Demand Guarantees. It examines the key issues involved
in the practical application of this principle and the increasing
exceptions to it, including a detailed account of the rules in this
area. Beginning with an elementary account of the law of Letters of
Credit and Demand Guarantees, the following chapters guide
practitioners on the parameters of the Independence Principle. It
will discuss the limitations of the principle, and assess whether
new exceptions should be introduced. With English law and practice
as the main focus of the work, comparisons to other major common
law jurisdictions (including Australia, Canada, USA and Singapore)
will be made where relevant and instructive. The landscape of the
law in this area has changed markedly as a result of judicial
decisions within the last five years,and revisions of the ICC
Uniform Customs and Practice for Documentary Credits (2007) and ICC
Uniform Rules for Demand Guarantees (2010). The fully updated
analysis takes into account all the important developments that
have taken place in this field in recent years and will prove a
valuable reference tool to practitioners and academics alike.
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