Demand guarantees in the construction industry

A comparative legal study of their use and abuse from a South African, English and German perspective

Karl Marxen (Autor)

Buch | Hardcover

355 Seiten

2018
Nomos (Verlag)
978-3-8487-5113-6 (ISBN)

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Independent guarantees, payable on demand (so-called demand guarantees) are the preferred security instruments in complex construction and infrastructure projects. To the beneficiary, demand guarantees offer immediate access to cash without having to prove breach of contract, (insufficient) performance, damages, or the extent thereof. Due to the independent nature of demand guarantees, there is a risk of abusive or fraudulent calls. This comparative study analyses, in depth, the use of such guarantees in the construction industry, and the legal situation in South African, English, and German law regarding abusive calls on demand guarantees. The book explores typical scenarios in construction, and illustrates measures to prevent or mitigate abusive calls. The book speaks to practitioners working in construction or the financing of construction (such as construction professionals, bankers, attorneys), and to academics and students who have an interest in advanced studies of construction and construction law, demand guarantees, and finance.

Erscheinungsdatum	31.08.2018
Reihe/Serie	Studien zum Handels-, Arbeits- und Wirtschaftsrecht ; 173
Sprache	englisch
Maße	153 x 227 mm
Gewicht	596 g
Themenwelt	Recht / Steuern ► Allgemeines / Lexika
Themenwelt	Recht / Steuern ► EU / Internationales Recht
Schlagworte	Abstrakte Bankgarantie • Bauindustrie • Construction Industry • Demand guarantees • Nachfragesicherungen • Südafrika
ISBN-10	3-8487-5113-5 / 3848751135
ISBN-13	978-3-8487-5113-6 / 9783848751136
Zustand	Neuware