Author Archives: Jingzhan.Wang

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About Jingzhan.Wang

An international Lawyer, based in China. (with phone nubmer: (+86)13920701735. Email: b.forest@163.com Providing full legal services for internaional coporations and individuals: contract disputes, international trade, international construction project, trans-regional investment, company merge and aquire, marine disputes, trademark, copyright, trans-naitional crime charge/denfense, and more. Our lawyers can speak both English and Chinese. We provide particular solutions for the disputes you're involving.

Bank Gurantee

In international project, what may be caused if the wording for a bank guarantee is incorrect?

Introduction

In the international project, there may be much difference in aspects of geography, culture, language and legal environment. The Principals, Contractors, Sub-Contractors, Suppliers and other participants tend to obtain some surety from third party, usually the bank to secure the relevant party’s fulfillment. Bank guarantee is generally regarded as one of the most importance. Continue reading