Refusal of Calling Due to Legal or Regulatory Restrictions

This Skill Bit shows that legal roadblocks can hinder a bank guarantee payout, affecting both beneficiaries and the issuing bank. Factors like sanctions, money laundering concerns, currency controls, or legal disputes may restrict the bank’s ability to disburse funds. Therefore, both parties should be aware of these restrictions and consult a lawyer if necessary to navigate potential complications.

Duration approx. 3 Min.

Tier: proficiency

A part of Calling Bank Guarantees: Safeguarding Financial and Legal Interests course.