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2 Int'l Fin. L. Rev. 1 (1983)

handle is hein.journals/intfinr2 and id is 1 raw text is: January 1983

Comment: Legal opinions from borrowers
1982 survey of leading cases in London and New York
The important cases in the major common law jurisdictions
on arbitration, bankruptcy, general banking, guarantees,
jurisdiction, letters of credit, loan documentation and securities law

17        Letters of credit: the ICC revises the rules
The Uniform Customs and Practices were last revised in 1974.
A final draft is now before the ICC for implementation later this year
22        Changing the co-financing agreements of the World Bank
One of the proposals before the World Bank includes guarantees
to commercial borrowers. Others are less ambitious
26        United States-Swiss memorandum              of understanding on
insider trading
The expression of intent to cooperate on insider trading cases was the result of
long discussions. One of the negotiators explains the background and the result
36        Ruling on the successor obligor clause
United States appellate courts are rarely asked to resolve disputes
in trust indentures or 'boilerplate' provisions
38        Guaranteeing payment of outstanding credits of
Mexican borrowers

Royal Bank of Canada

Michael Rowe
John Niehuss and
Nicholas Ray
Edward F Greene

Robert S Rendell
Claus von Wobeser

Banks and corporations have devised a system to ensure
payment from Mexican corporations with liquidity problems
International briefings
Chile: Central Bank resolutions to ease currency shortage. European Community:
Compartmentalisation of the Common Market; IBM's appeal rejected. Germany: Alleged negligence
claims dismissed; Sales participation of lender not treated like interest; Points in bill of exchange law
clarified. Tightening sovereign's documentation. India: Customs appeal reformed. Iran: The Hague
Tribunal faces letter of credit crisis. Nigeria: Fraudulent letters of credit. Spain: Recognition of foreign
arbitration decision. New EC regulation on exclusive distributorship deferred. United Kingdom:
Legal position of State entities; When a loan is not 'cash paid'. United States: Act of State doctrine bar to
expropriation defence; Arbitration panel blocks letter of credit payment; Borrower liable despite exchange
controls; Commercial paper is not a security.

Renegotiation: after the initial reaction

Royal Bank of Canada

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