July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
Bank Audi
2 articles
DCW Articles
Independent vs. Accessory Guarantees – a Tale of Two Cases: Shanghai Shipyard and Bank Audi
Different jurisdictional interpretations of guarantee law reinforce the need for practice rules in demand guarantee transactions.
DCW Articles
Independent or Not? French Court Decides on Disputed Bank Guarantee
In McNeil & NRM Inc. v. SA Bank Audi France, the court ruled on a dispute over an advance payment guarantee. The case highlights the importance of precise guarantee wording and adherence to standard practices in international transactions.
