DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
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Local Guarantor petitioned for rehearing from the Supreme People’s Court of order for Counter Guarantor to terminate payment to Local Guarantor for having committed guarantee fraud and not acting in “good faith”.
Different jurisdictional interpretations of guarantee law reinforce the need for practice rules in demand guarantee transactions.
Did English courts finally define the difference between a surety guarantee versus a demand guarantee?
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