UN Convention on Independent Guarantees and Stand-by Letters of Credit 2007


Article 21

Choice of applicable law

The undertaking is governed by the law the choice of which is:

(a) Stipulated in the undertaking or demonstrated by the terms and conditions of the undertaking; or

(b) Agreed elsewhere by the guarantor/issuer and the beneficiary.

Article 22

Determination of applicable law

Failing a choice of law in accordance with article 21, the undertaking is governed by the law of the State where the guarantor/issuer has that place of business at which the undertaking was issued.

Next Annual Meeting

August 2021

This website has not been updated since 2019.

Our new website will be launched soon.