Payment Obligations: An Update and How They Affect Banks and Other Parties
Trade Finance Breakfast Seminar
Sullivan & Worcester hosted a Trade Finance Breakfast Seminar entitled "Payment Obligations: An Update and How They Affect Banks and Other Parties" on September 8, 2014 at Pinners Hall in London. Geoffrey L. Wynne and Hannah Fearn looked at how recent developments in law, regulation and practice affect various parties’ obligations under letters of credit (documentary and standby), guarantees, insurance policies, bonds, BPOs and other undertakings. They also considered how parties protect themselves from the risks.