Trade Finance -

Trade Finance

Technology, Innovation and Documentary Credits

Christopher Hare, Dora Neo (Herausgeber)

Buch | Hardcover
416 Seiten
2021
Oxford University Press (Verlag)
978-0-19-885447-0 (ISBN)
149,95 inkl. MwSt
This new book analyses the challenges posed to current legal structures by technological changes, financial innovation, and international regulation in trade finance.
Trade Finance provides a much-needed re-examination of the relevant legal principles and a study of the challenges posed to current legal structures by technological changes, financial innovation, and international regulation. Arising out of the papers presented at the symposium, Trade Finance for the 21st Century, this collection brings together the perspectives of scholars and practitioners from around the globe focusing on core themes, such as reform and the future role of the UCP, the impact of technology on letters of credit and other forms of trade finance, and the rise of alternative forms of financing.

The book covers three key fields of trade finance, starting with the challenges to traditional trade financing by means of documentary credit. These include issues related to contractual enforceability, the use of "soft clauses", the doctrine of strict compliance, the fraud exception, the role of the correspondent bank, performance bonds, and conflict of laws problems. The second main area covered by the work is the technological issues and opportunities in trade finance, including electronic bills of exchange, blockchain, and electronically transferable records. The final part of the work considers alternative and complementary trade finance mechanisms such as open account trading, supply-chain financing, the bank payment obligation, and countertrade.

Christopher Hare is the Travers Smith Associate Professor of Corporate and Commercial Law, Oxford University and a Fellow of Somerville College, Oxford. He has degrees from Cambridge, Oxford and Harvard Law School and, after a short period practising as a barrister from 3 Verulam Buildings, he held teaching posts at Jesus College, Cambridge University and the University of Auckland, New Zealand. Dora Neo is the founding Director of the Centre for Banking & Finance Law (CBFL) and an Associate Professor at the Faculty of Law, National University of Singapore (NUS). She teaches and publishes in the areas of banking and finance, contract law, and international economic law. She is a graduate of Oxford and Harvard universities.

Part 1: LEGAL AND PRACTICAL CHALLENGES TO TRADITIONAL TRADE FINANCE
1: The UCP Regime: Past, Present, and Future
2: The Letter of Credit as a Contract
3: Soft clauses in letters of credit
4: Perspectives on the Role of the Nominated Bank in a Letter of Credit
5: Determining a Complying Presentation in Letter of Credit Transactions: a Principled Appraisal of Current Requirements and Challenges
6: The Fraud Rule in the Law of Letters of Credit Revisited
7: Letters of Credit and Stop Payment Orders Made in the Issuer's Country
8: Independent Guarantees in International Trade
Part II: TRADE FINANCE TECHNOLOGY
9: The Electronic Bill of Exchange and its Use in International Trade
10: Digitalisation of Shipping and Insurance Documents: Implications for Trade Finance
11: Implementation and Implications of the UNCITRAL Model Law on Electronic Transferable Records in Trade Finance
12: Will Trade Finance be Transformed by Blockchain?
Part III: INNOVATION AND TRADE FINANCE CHALLENGERS
13: The Bank Payment Obligation as a Signal Step in the Evolution of Digital Trade Finance
14: Open Account, Prepayment, and Supply Chain Financing
15: Innovation and Islamic Trade Finance
16: Countertrade as Finance

Erscheinungsdatum
Verlagsort Oxford
Sprache englisch
Maße 177 x 254 mm
Gewicht 868 g
Themenwelt Recht / Steuern EU / Internationales Recht
Recht / Steuern Wirtschaftsrecht Bank- und Kapitalmarktrecht
Recht / Steuern Wirtschaftsrecht Handelsrecht
ISBN-10 0-19-885447-1 / 0198854471
ISBN-13 978-0-19-885447-0 / 9780198854470
Zustand Neuware
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