Bank Guarantees in International Trade, 4th Edition[国际贸易中的银行担保(第四版，修订版)]

Fordecades,thisremarkablebook——nowinitsupdatedfourthedition——hasservedpractitionersininternationaltradeandbankinglawasathorough"codification"ofthelawandpracticeofbankguarantees.Theneweditionhasbeenthoroughlyrevised,updated,andamendedinthelightofnewdevelopmentsinthelawandchangingpatternsinpractice.Bertramsusescaselaw,arbitraldecisions,andlegalwritingfromfiveEuropeanjurisdictions——TheNetherlands,Germany,France,Belgium,andEngland——tobuildananalysisofhowthepracticalapplicationsofbankguaranteeshaveestablishedapatternoflaw.Theneweditiontakesintoaccountalllegalandarbitraldecisionsandrelevantlegalwritingthrough2012fromthesecountries,aswellfromotherEuropeancountriesandtheUnitedStates.Writtenfromatransnationalperspective,BankGuaranteesinInternationalTradecanbeusedinbothcivilandcommonlawjurisdictionsandithasbeencitedasanauthoritativesourceofcaselawinseveraljurisdictionsfromeachsystem.WithreferencethroughouttotheeffectandsignificanceoftheUniformRulesforDemandGuarantees(URDG)oftheInternationalChamberofCommerce,InternationalStandbyPractices(ISP),andtheUNCITRALConventiononIndependentGuaranteesandStand-byLettersofCredit,theauthorcontinuouslyelucidatesthewayguaranteesfunctioninactualpracticeandthenumerouspracticalaspectsandissuestowhichtheygiverise.Theanalysiscoversthefollowingsubjectsandmuchelse:typesofguarantee(tender,performance,maintenance,repayment,retention);paymentmechanisms(firstdemand,third-partydocuments,arbitralorcourtdecision);risksandnegotiations,draftingandclauses;bankguaranteesasafinancialservice,thebanksperspective;directandindirectguarantees,counter-guarantees;formation,enforceabilityofexpirydates,assignmentandtransfer;demandforpaymentandtheruleofstrictcompliance;fraudandrestrainingorders;applicablelawandjurisdiction;referencetoURDG2010revisionandISP98throughoutthetext.Inadditiontohisthoroughcoverageoflawandlegalwriting,theauthorhasdrawnonintensivecontactswiththebankingcommunity,constructionfirms,exportcreditinsurancecompanies,andlocallawyers.Hisinsightinto"thedailylife"oftheworldofindependent(firstdemand)guaranteesandthepractices,difficulties,andpeculiaritiesinagreatnumberofcountriesandregions,includingtheMiddleEastandNorthAfrica,cannotbematchedinanyothersource.Bankguaranteescanpresentmajordifficulties,andthisbookisthelawyer'sbestguideinanysituationlikelytoarise.Asacomprehensivestudyofthelegalandpracticalaspectsofbankguaranteesandstandbylettersofcredit,itofferspractitionersininternationaltradelawthemostcompleteanalysisofbankinglawinthefield.Initswealthofpracticaldetail,itisunlikelytobesurpassed.