Types of Bonds Today, many individuals are unable to afford essential assets such as vehicles or real estate and therefore require loans. Likewise, businesses need financing to expand their operations or generate profits. The financing required by businesses...
Ship Collision In maritime law, ship collision is generally defined as the impact of two vessels with one another, the impact of one vessel with the appurtenances of another vessel, or a severe impact of a vessel with...
Sports Law and Sports Ethics Ethics consists of a set of rules that are necessary for achieving moral and human perfection. Ethics functions as an individual code of conduct, and its enforcement is supported primarily by moral conscience,...
Maritime Liens Maritime liens are the legal concepts denoted by the terms Maritime Lien and Droits Privilégiés, which are used, respectively, in the maritime law systems of Anglo-Saxon countries and in France, as well as in countries such as Belgium, the Netherlands, and...
Prevention of Payment Under a Bank Guarantee When the beneficiary submits a demand for payment under an unconditional bank guarantee, the bank is, in principle, obliged to pay the guaranteed amount immediately. The bank is not entitled to...
