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With in-depth explanations and critical analysis, this book sheds light on Chinese law on letters of credit and how L/C disputes are resolved in Chinese Courts. The Law of Letters of Credit in China will guide trade finance practitioners and anyone doing export/import transactions with China to understand better the L/C system and related judicial interpretations in China.
Based on 500 cases, this volume covers such critical issues as:
· Conformity of China’s L/C system with international practices, i.e., ISBP
· Consolidation of disputes concerning L/Cs and underlying practices
· Statutory limitations of action
· Recovery for damages
· Reasonable legal fees
Mr. Jin Saibo, is a renowned expert in the area and has been involved in the drafting of the L/C Judicial Interpretations by the Supreme People’s Court of China, has more than fifteen years of practice, and has given more than one hundred lectures and trainings in China and around the world. A must-read for business lawyers and L/C practitioners dealing with Chinese business partners.
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