THE INTERNATIONAL COMMERCE & LAW REVIEW (무역상무연구)
- Volume 21
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- Pages.99-127
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- 2003
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- 1229-2036(pISSN)
Legal Sources of Fraud Rule and It's Standard in Documentary Credit
화환신용장에서 사기배제법칙의 법원과 표준
- Oh, Won-Suk (Business School, SungKyunKwan University) ;
- Kim, Jae-Seong (Business School, SungKyunKwan University)
- Published : 2003.12.30
Abstract
Legal sources of fraud rule in documentary letter of credit, which have their origin in Sztejn Case can be traced to various rules or laws of international or domestic level ; URCG, URDG and ISP98 as ICC Rules, and UNCITRAL Convention as an international uniform law, and UCC as a domestic law and U.K. cases. Among them the combination of "material fraud" in UCC