Bank Guarantee and Liability of the Banker

Author : VS Warrier Bank guarantees as well as Letters of credit are common features of commercial transactions today. A bank guarantee and a letter of credit are similar in many ways but they’re two different things. Bank Guarantee is a guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will...

An International Legal Code for Nuclear Powers: Will it serve any purpose?

Author : Prashant R Dahat A nuclear weapon is a weapon which derives its destructive force from nuclear reactions of fission or fusion. As a result, even a nuclear weapon with a relatively small yield is significantly more powerful than the largest conventional explosives, and a single weapon is capable of destroying an entire city. In the history of warfare, nuclear weapons have been used twice,...