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by RobertoC
Fri Sep 19, 2008 1:00 am
Forum: UCP 600
Topic: Liablity of the issuing bank under the injunction situation
Replies: 7
Views: 4345

Liablity of the issuing bank under the injunction situation

WE KNOW THAT IN MANY COUNTRIES FAILUR TO OBBEY TO THE INJUCTION ISSUED BY A NATIONAL AUTHORITY, LIKE A JUDGE, LEADS TO CIVIL SANCTIONS FOR THE BANK AND EVEN PENAL SANCTIONS FOR THE PERSON WHO EFFECTED THE PAYMENT. HOWEVER, IT IS ESSENTIAL TO SEPARATE BANK’S OBLIGATIONS ARISING FROM UCP FROM THE ONES...