The Law of Letters of Credit in China

"This book is about the PRC law on letters of credit ("LCs") and how LC disputes are being resolved in Chinese courts. The author, a renowned expert in such area, has participated in the drafting and discussions on the LC Judicial Interpretations by the Supreme People's Court of China during the eight-year period of drafting. This book is also based on his fifteen years' practices in this area, 500 plus decided court cases the author collected, and the experience learned from more than one hundred lectures or trainings given by the author to over ten thousand judges, lawyers, bankers, traders and law students in and out of China. This book is worth reading for every individual, company or banks which has or will have LC transactions with Chinese parties. Readers will find this book an excellent reference for understanding PRC law and practice on LCs and better developing commercial and financial businesses with China especially when troubles arise in their transactions with Chinese parties"--Unedited summary from book cover.