Bertrams, a Dutch lawyer, explains the legal principles and practical use of bank guarantees and letters of credit for conducting international business transactions. The in-depth handbook describes different conditions of payment, the relationship between the applicant and the bank, the rule of independence, conditions of demand for payment, standard proof of fraud, preventive restraining orders against the bank and beneficiary, and international jurisdiction rules. Differences in law among the Netherlands, Germany, France, Belgium, the United Kingdom, and the United States are noted. The fourth edition incorporates new case law and the new Uniform Rules for Demand Guarantees, 2010 Revision. Annotation 2014 Ringgold, Inc., Portland, OR (protoview.com)
