Readership: This book is particularly suited to UK banking and
financial law practitioners. It is also useful guide for foreign lawyers participating in international trade transactions with an interest in UK practice. The book is also relevant for academics and post-graduate students as it delves into theory and analysis where necessary.
Nelson Enonchong, Barber Professor of Law, University of Birmingham; Of the Inner Temple, Barrister
"The size of the book (only 341 pages) is a tribute to Professor Enonchong's ability to deal succinctly and clearly with the various problems that have been discussed in it." - Satish J. Shah, Journal of the Commonwealth Lawyers' Association
"Overall, the book provides readers with sound understanding and with a complete analysis of the independence principle of Letters of Credit and Demand Guarantees." - Gabriel Gómez Giglio, Journal of International Banking Law and Regulation
2: The Nature of Letters of Credit
3: The Nature of Demand Guarantees
4: The Independence Principle
5: The Fraud Exception
6: Nullity or Recklessness Exception?
7: Unconscionability Exception
8: The Illegality Exception
9: Demand in Breach of an Agreement with the Account Party
11: Claims Against the Beneficiary for a Wrongful Demand
12: Recovery of Overpayments
13: Conflict of Laws