International Trade
The article explores the importance of security agreements or financial instruments in facilitating international trade transactions, focusing on letters of credit, bank guarantees, and performance bonds. These instruments mitigate financial risks associated with non-payment or failed performance by transacting parties. Additionally, the article discusses the International Chamber of Commerce Uniform Customs and Practice for Documentary Credit (UCP 600) and Uniform Rules for Demand Guarantee (URDG 758) as regulatory frameworks governing these transactions.
Contracts for International Sale of Goods
The article compares two significant legal instruments governing contracts on the international sale of goods: the UK Sale of Goods Act 1979 (SGA) and the United Nations Convention on Contracts for the International Sale of Goods (CISG) 1980. Both aim to regulate transactions and resolve disputes arising from international trade, but they differ in their approaches and mechanisms.
International Arbitration
Is international arbitration truly international? INTRODUCTION Mediation is a dynamic, neutral, and structured process designed to assist parties as an alternative dispute resolution (ADR) mechanism. International arbitration is a dispute resolution process which is popular and necessitated by the expansion and globalization of cross-border investment, trade and commerce. It emerged as a significant alternative to […]
Shareholder Passivity is a Misnomer
SHAREHOLDER PASSIVITY IS A MISNOMER INTRODUCTION There is a general misconception that shareholders are passive, and yet they have a wide arsenal of powers at their disposal and the legal protection for their assets and interest is embedded in codes of conduct. This article seeks to evaluate the power that shareholders have under the Companies […]
