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...
Criminalization of Various Forms of Harassment Against Women One of the recurring factors undermining public security and social tranquility is the occurrence of socially inappropriate and abnormal conduct. For this reason, the law has prescribed criminal sanctions for...
Set Off and Its Legal Considerations One legal situation that may arise for individuals is being simultaneously a debtor and a creditor of the same party. In such circumstances, the two opposing obligations may be extinguished against one...
The Difference Between Holding Companies and Corporate Mergers Pursuant to Article 111 of the Amendment to the Direct Taxation Law enacted in 2001, as well as Item 16 of Article 1 of the Law Amending Certain Provisions of...
Amendments to the Laws Governing Bearer Checks A check is a financial instrument used for present purchases and for payment at a future date and is recognized as one of the most important commercial instruments. The practical use...
