Case Study – Defending Against a Called Bank Guarantee in International Trade

Description

AUDIO Case Study

In this episode, we delve into the high-stakes world of international trade as XYZ Imports grapples with a costly dispute over a shipment of smartphones. After discovering quality and quantity discrepancies, XYZ refuses to honor a bank guarantee, prompting the overseas supplier to initiate a call on the guarantee. With legal experts by their side, XYZ mounts a defense against the breach of contract claims. Tune in to see how strategic negotiations lead to a settlement, safeguarding their financial interests and preserving crucial business relationships.