• International Trade and the use of Documentary Credit. A study of Implications of the Banco Santander Case

Publisher:
Lambert Academic Publishing
Publication date:
2011-11-02
Authors:

(The author has obtained his LLM degree in International Commercial Laws from the UK in 2009. He has substantial hands-on experience in the fields of Banking and Commercial Laws. He has also been involved in legal education and academia by virtue of having taken sessions on Mercantile and Contract Laws in various schools of notable repute.)
ISBN:
9783846545980

Description:

The documentary letter of credit is used world-wide to finance business transactions. In his work, the author endeavors to look into the enormous implications that arose from the decision of the English Court of Appeal in the Banco Santander case. That case was a landmark event for the world of international business as it dealt with the heart of all business matters i.e. payments via letters of credit/documentary credit. To look into this, it first considers what is meant by a letter of credit and the advantages of using a letter of credit. It then delves into the judgment given in the Banco Santander case and attempts to critically analyse the judgment and the reasons cited by the court for its judgment. It does so by looking at various academic papers that have been written upon it. Finally, in light of the arguments raised, the author moves towards setting out his reasons for considering the case to have enormously hampered international business. This book can be very useful for those who have an interest in building their knowledge in the fields of international business, documentary credits and its various aspects.

MATERIAS: Documentary Credit, Fraud & UCP