Item description for Bank Guarantees in International Trade, Third Revised Edition by Roeland Betrams & R. I. V. F. Bertrams...
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 issues which can arise in the daily functioning of these legal instruments. Bertrams uses case law and legal writing from five European countries - The Netherlands, Germany, France, Belgium, and England - to build an analysis of how the practical applications of bank guarantees has established a pattern of law. He also takes into account U.S. writing and case law on the subject, as well as relevant cases from Switzerland, Italy, and Austria. Written from a transnational perspective, Bank Guarantees in International Trade can be used in both Civil Law and Common Law jurisdictions.
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Studio: Kluwer Law International
Est. Packaging Dimensions: Length: 1.25" Width: 6.25" Height: 9.5" Weight: 2.4 lbs.
Release Date Oct 13, 2004
Publisher Kluwer Law International
ISBN 9041122435 ISBN13 9789041122438
Reviews - What do customers think about Bank Guarantees in International Trade, Third Revised Edition?
Review of Bank Guarantees in International Trade (R Bertrams) Nov 24, 2005
This book is a godsend for people working in the highly specialized world of independent bank guarantees and standby letters of credit. It has been endorsed by the International Chamber of Commerce (ICC).
I have not been able to find another book that even comes close in the wealth of information and detail that this treatise gives on the subject of bank guarantees. It also includes the URDG and ISP codes in appendices. The authors knowledge of the subject has incredible breadth and depth and covers everthing from the basics(e.g., legal nature of instrument, types of guarantees)to the very advanced sub-topics(e.g., methods of payments, fraud, etc)
It is a heavy read, written more for as legal practitioners specializing in banking law and solicitors. It is essentially a juridical treatise of bank guarantees.
Although it is not written expressly as a "best practices" for bank guarantee administration(i.e., trade finance banking or corporate treasury),there is much practical information that could be useful to treasury and commercial bank managers.
I definitely recommend a thorough read of this book if you are in need of information on the subject.
Billy Potsos, c.p.a. Senior Manager,Bank Guarantees Department Bombardier Treasury Europe Zurich, Switzerland