Chinese Guarantee Law

Force Majeure Defenses against a Beneficiary’s Demand under an Independent Guarantee

Judges at three court levels in China erred in deciding on the force majeure defense invoked by an applicant as the basis for an issuing bank’s filing for an injunction. Saibo Jin explains the case and its broader implications.

2024 Singapore Annual LC Survey • Executive Summary

This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.

Trend 3: Continuing Trouble with Demand Guarantees