Letter of Credit Litigation

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clpstaff &clp articles

Letter of credit (L/C) litigation has increased dramatically in China as foreign trade has grown. In recent years, PRC courts have grappled with a…

Letter of credit (L/C) litigation has increased dramatically in China as foreign trade has grown. In recent years, PRC courts have grappled with a wide range of difficult issues and have started to establish a number of key principles. In 1999, the Supreme People's Court published a landmark decision in the Newco case that laid the foundation for subsequent cases.

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