Browsing The Northern Illinois University Law Review (print version) by Subject "bank guarantees"
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Fairness at the Expense of Commercial Certainty: The International Emergence of Unconscionability and Illegality as Exceptions to the Independence Principle of Letters of Credit and Bank Guarantees (Northern Illinois University Law Review, 2011-04)International transactions involve an array of risks. A persistent risk in individual commercial transactions occurs when parties do not know each other well enough to trust each other. Letters of credit and bank guarantees ...