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Standby letters of credit

Standby letters of credit, the “fraud” exception and commercial certainty – English law orthodoxy challenged.

Andrew Ayres QC: in the July/August 2017 edition of Butterworths Journal of International Banking and Financial Law, (2017) 7 JIBFL 408, Andrew questions the reluctance of the courts to interfere with the cashflow dynamics between the parties to a standby letter of credit.

Source: Butterworths Journal of International Banking and Financial Law, (2017) 7 JIBFL 408

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