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2009 Annual Review of International Banking Law and Practice
(Post: 16/07/2009) |
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New Format: electronic edition on a CD.
The 2009 Annual Review of International Banking Law and Practice contains all relevant court decisions, statutes and governmental actions related to international banking, letters of credit and trade finance, and it will be an important reference for bankers, lawyers, and academics. It provides the industry's most complete international reporting and analysis of Letter of Credit and Guarantee cases from around the world.
New Format:
The 2009 Annual Review is a fully searchable
636-page electronic edition on a CD.
This new CD is indexed for easy reference and contains:
68 Case Summaries;
23 Articles;
11 Government Actions;
3 Practice Reports; and
A detailed 1996 - 2009 index.
Expanded Coverage:
The 2009 volume now includes Independent Guarantees along with Commercial Letters of Credit and Standby Credits.
This handy CD also includes important articles, reviews and more:
James Byrne: Overview of International Banking Law & Practice in 2008;
Gary Collyer: Review of UCP Opinions by the ICC Banking Commission;
Results of IIBLP 2008 Poll of UCP 600 Usage;
Golden West v. Sun Trust (Perpetual LCs);
and many more.
The Editors:
James E. Byrne is Professor at the George Mason University School of Law and the Director of the Institute of International Banking Law and Practice Inc.
Christopher S. Byrnes is Assistant Vice President of the Institute of International Banking Law and Practice Inc.
Lee H. Davis is Senior Attorney at the Institute of International Banking Law and Practice Inc. and Adjunct Professor at the George Mason University School of Law.
Table of Contents
Insightful comments from some major cases include:
-- This decision involves an important issue, namely whether letter of credit law is subject to collateral statutes that permit or allow use of letters of credit and, in particular, whether their policies can affect whether or not an injunction is appropriate.
-- Non-Bank LCs
the possibility of a fraudulent LC is greater when the LC is handled outside of the traditional interbank LC operations system.
-- The opinion correctly notes that a quantity in excess of the implied tolerances of UCP500 Article 39(b) is discrepant. An issuer would be entitled to refuse such documents.
-- The real problem is the failure of both the trial and appellate court to refer in any manner to the requirement that the claim of material fraud must be more likely than not to succeed.
These are only some of the important lessons emerging from 68 case summaries featured in the 2009 Annual Review.
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