The Law of Letters of Credit in China

The Law of Letters of Credit in China - ICC

ICC Code: 736

Price: £68.00

Membership: £54.40

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ISBN: 9789284201662

Published: 2013


Chinese law is very complex and Chinese documentary credit law even more so—not only for practitioners outside China.This book sheds light on Chinese law on letters of credit and how LC disputes are resolved in Chinese courts. It covers critical issues such as:
-   the conformity of China’s letter-of-credit system with international practices;
-   consolidation of disputes concerning LCs and underlying practices;
-   statutory limitations of action;
-   recovery for damages;
-   reasonable legal fees.
The author, a renowned expert in the field, has been involved in the drafting of numerous Judicial Interpretations by the Supreme People’s Court of China in letters-of-credit disputes. This handbook is invaluable for anyone doing export/import transactions with China. Detailed comments, in-depth explanations and critical analyses enable trade finance practitioners to better understand the LC system and related judicial interpretations in China. 

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