SPC issues judicial interpretation on disputes involving independent guarantees | Practical Law
https://content.next.westlaw.com/practical-law/document/I052e52abbb0511e698dc8b09b4f043e0/SPC-issues-judicial-interpretation-on-disputes-involving-independent-guarantees?viewType=FullText&transitionType=Default&contextData=(sc.Default)
The SPC has issued provisions to recognise independent guarantees (also known as demand guarantees) to acknowledge the increasing use of these guarantees by Chinese banks and in cross-border commercial transactions.
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SPC issues judicial interpretation on disputes involving independent guarantees
Practical Law UK Legal Update w-004-8495
(Approx. 3 pages)
SPC issues judicial interpretation on disputes involving independent guarantees
by
Practical Law China
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Published on 06 Dec 2016
•
China
The SPC has issued provisions to recognise independent guarantees (also known as demand guarantees) to acknowledge the increasing use of these guarantees by Chinese banks and in cross-border commercial transactions.