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When good security is paramount and the courts are hands off

United Kingdom - March 15 2017 The law on letters of credit has been upheld in two cases; banks cannot refuse to pay a demand meeting the requirements of a letter of credit unless...

Simon Tolson.


A Yellow Book Tale: Termination, Letters of Credit and a Question of Fraud

United Kingdom - February 20 2017 In this Insight, we look at a recent Court of Appeal case on On-Demand Performance Securities (specifically Standby Letters of Credit) provided by a...


Adjudication Costs: The law of diminishing returns?

European Union, United Kingdom - January 17 2017 For a dispute resolution method designed to deal “expeditiously and relatively inexpensively with disputes” adjudication can, unfortunately, be...


Changes to the FIDIC Form of Contract

United Kingdom - December 19 2016 In November’s Insight we reviewed the key amendments made by the JCT to their Design and Build Contract 2016. It is not just the JCT who are...


2016 A change in precedent

United Kingdom - November 29 2016 In this edition of Insight we review the key amendments made in the latest JCT 2016 precedents and examine their likely impact on those using them...