Letters of Credit and Demand Guarantees Defences to Payment

by Deborah Horowitz

This book is the first to provide an extensive analysis of the range of defences to payment under letters of credit and demand guarantees.

It considers the extent to which different defences undermine the abstraction of these instruments. This is a fundamental issue, since letters of credit and demand guarantees are designed to be abstract, or autonomous, from the underlying contract that called for their use. The purpose of that
abstraction...

• Format: Hardcover
• Language: English
• ISBN: 0199588538
• ISBN13: 9780199588534
• Release Date: August 2010
• Publisher: Oxford University Press, USA
• Length: 350 Pages
• Weight: 1.35 lbs.
• Dimensions: 0.8" x 6.9" x 9.7"