The applicable law for standby letters of credit in the Colombian legal system


Summary


I. INTRODUCTION – A. Research Question – B. Standby Letter of Credit Terminology – C. Definition of Standby Letter of Credit – II. APPLICABLE LAW – A. International Regulation – B. UCP 600 – C. ISP98 – D. National Regulation – E. Code of Commerce – F. Civil Code – G. Financial Superintendence 007 Basic Legal Circular of 1996 – H. Standby LCs in Government Contracts – I. Lack of Regulation – J. Guidelines – K. Assessment – III. CONCLUSIONS – Bibliography.