• Arne Ots and Sander Kärson on the Now Questionable Enforceability of First Demand Guarantees in Estonia (PDF)
 
 
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Arne Ots and Sander Kärson on the Now Questionable Enforceability of First Demand Guarantees in Estonia (PDF)

Arne Ots and Sander Kärson on the Now Questionable Enforceability of First Demand Guarantees in Estonia (PDF)

Recent decisions by the Estonian Supreme Court on enforceability of first demand guarantees, however, has put the guarantee's use to secure deals into question, a concern to banks and sureties.


Availability: In Stock
Publisher :LexisNexis Emerging Issues Analysis
Format: Electronic, 5 Pages , PDF

ISBN: 9781422429983

10/7/2012
 
$57.00
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    The concept of the first demand guarantee has been well accepted and recognized security device in Estonia, widely used to secure the immediate availability of funds needed due to the breach or other circumstances involving an underlying contract. Recent decisions by the Estonian Supreme Court on enforceability of first demand guarantees, however, has put the guarantee's use to secure deals into question, a concern to banks and sureties.

     

    Arne Ots is a partner with Raidla Lejins & Norcous, and a notable litigation and public procurement specialist in Estonia. He also practices international arbitration in Estonia and abroad, and handles labor law and white collar crime cases. Mr. Ots has organized many seminars and field training courses for energy, IT, construction, and health care companies. He speaks at local and international conferences, forums, and seminars on issues related his practice areas.

     

    Sander Karson is an associate with Raidla Lejins & Norcous, specializing in mergers and acquisitions, business, corporate, contract, and medical law. He lectures on the Law of Obligation at the University of Tartu, where he is also pursuing his Ph.D.

     

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    An authoritative analysis of important cases, codes, statutes, rulings, emerging issues or legal topics is available now - through LexisNexis Emerging Issues Analysis. The brain trust of LexisNexis authors - thousands of recognized authorities who develop the respected Matthew Bender®, Mealey's and Martindale-Hubbell® treatises and articles - produce this highly specific content. Each commentary covers an important case, code, statute, ruling or emerging issue such as subprime, nanotechnology, or climate change. More current and concentrated than treatises and more analytical than news, Emerging Issues Analysis bridges the information gap between the two, providing quick expert analysis of current developments in law.

     

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