France
2 articles
DCW Updates
CPI Reference in Counter LC Text: What’s the Ultimate Obligation?
In a recent group discussion, LC professionals took up the matter of guarantee text referencing a consumer price index (CPI)
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.