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Alternatives to international litigation

One of the primary troubles with doing business across international borders, is that of international litigation. International Litigation is challenging since it may be hard to exercise rights at a foreign forum. It is perhaps one of the greatest dangers with contracting internationally that in case of dispute, both parties claim their law is trump. [...]

Red clause letters of credit

A letter of credit might permit the nominated bank to make advances to the beneficiary. The beneficiary uses these funds to put together merchandise to ready the goods for shipment. A clause that permits the financial institution to advance these monies was apparently written in red to warn banks and applicants inherent dangers. The risks [...]

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