Supreme People's Court, Provisions on Several Issues Concerning the Trial of Independent Guarantee Dispute Cases (Draft for Comments)

最高人民法院关于审理独立保函纠纷案件若干问题的规定（征求意见稿）

December 31, 2013 | BY

CLP Temp &clp articles

Issued: November 29 2013Main contents: Where the beneficiary and the guarantee applicant or a third party have colluded in bad faith and there is no genuine…

Issued: November 29 2013


Main contents: Where the beneficiary and the guarantee applicant or a third party have colluded in bad faith and there is no genuine underlying transaction; or, based on the type and objective of the independent guarantee, the beneficiary's request for payment lacks a credible basis, the people's court may render a finding of fraud.

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