Wildy logo
(020) 7242 5778

Wildy’s Book News

Book News cover photo

Vol 23 No 4 April/May 2018

Book of the Month

Cover of Williams, Mortimer and Sunnucks: Executors, Administrators and Probate

Williams, Mortimer and Sunnucks: Executors, Administrators and Probate

Edited by: Alexander Learmonth, Charlotte Ford, Julia Clark, John Ross Martyn
Price: £295.00

Offers for Newly Called Barristers & Students

Special Discounts for Newly Called & Students

Read More ...

Secondhand & Out of Print

Browse Secondhand Online


Lowe legislation jp
Sealy millman 2018 jp
Court protection no 2
Desmith out now
Uk supremem 1 8
Williams published
This book is now Out of Print.
A new edition has been published, the details can be seen here:
Bank Guarantees in International Trade 4th ed isbn 9789041122575

Bank Guarantees in International Trade 3rd ed

ISBN13: 9789041122438
ISBN: 9041122435
New Edition ISBN: 9789041122575
Previous Edition ISBN: 9041102388
Published: October 2004
Publisher: Kluwer Law International
Country of Publication: The Netherlands
Format: Hardback
Price: Out of print

This new edition 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 shows that, in all essentials, the American standby letter of credit and the European independent guarantee developed simultaneously and represent, conceptually and legally, the same device. However, developments throughout the 1980s and 1990s and into the new century particularly certain initiatives of the International Chamber of Commerce ((URDG) and the American Institute of International Banking Law and Practice (ISP98), along with a steady flow of case law and a proliferation of legal writing continue to affect practice in the field. Bertrams examines all this material in detail in this incomparable book, now in an updated revised third edition.

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. His analysis covers the following factors:-

  • types of guarantee (tender, performance, maintenance, repayment, retention, judicial);
  • payment mechanisms (first demand, third-party documents, arbitral or court decision)
  • risks and negotiations, drafting and clauses;
  • bank guarantees as a financial service;
  • direct and indirect guarantees;
  • relationship between account party and bank;
  • relationship between instructing bank and issuing bank, counter-guarantee;
  • the call on the guarantee, demand for payment;
  • fraud and restraining orders;
  • jurisdiction and applicable law.
Bank Guarantees in International Trade offers practitioners in international trade and banking law the most complete analysis in the field. In its wealth of practical detail, it is unlikely to be surpassed.

International Trade, Banking and Finance
1. Introduction.; 2. Overview.; 3. Types of Guarantee. ;4. Conditions of Payment (Payment Mechanism). ;5. Legal Nature.; 6. Parties to the Underlying Relationship.; 7. Role and Position of the Bank Issuing Guarantees as a Financial Service.; 8. Drafting and Clauses. ;9. Relationship between Account Party First Instructing Bank Second Issuing Bank. Introduction and Structure; 10. Relationship between Account Party Bank (Direct Guarantee). ;11. Relationship between Account Party First Instructing Bank Second Issuing Bank (Indirect Guarantee). Counter-Guarantee.; 12 Other Aspects of the Guarantee. ;13 The Demand for Payment. ;14 The Concept of Fraud.; 15 Fraud and the Position of the Bank.; 16 Fraud and Restraining Orders.; 17 Conservatory Attachment and Freezing Orders.; 18 Jurisdiction and Applicable law.; 19 Bank Guarantees and Construction Contracts