At arrival of 2014 UNICITRAL Asia Pacific Day, Dean of the College of Comparative Law Prof. Gao Xiang gave a lecture on the Fraud Rule under the UN Convention on Independent Guarantees and Standby Letters of Credit: A Significant Contribution from an International Perspective on Xueyuanlu Campus on the evening of 3 Dec, 2014.
Prof. Gao introduced internationally well-known cases, standing from the definition and scope of application of independent guarantees and standby letters of credit, formed a basic framework of for the audiences. Then, Prof. Gao analyzed the UN Convention on Independent Guarantees and Standby Letters of Credit in depth, cited several international treaties, practices and influential cases, interpreted the fraud rule under the Convention and provided the audiences with his unique points of view.
During the Q&A section, Prof. Gao answered questions from both local and international students.
Background:
The United Nations Commission on International Trade Law (UNCITRAL) was established by the General Assembly on 17 December 1966. In establishing the Commission, the General Assembly recognized that disparities in national laws governing international trade created obstacles to the flow of trade, and it regarded the Commission as the vehicle by which the United Nations could play a more active role in reducing or removing these obstacles. To celebrate this historical resolution, the UNCITRAL Regional Centre for Asia and the Pacific established the UNCITRAL Asia Pacific Day, starting in 2014. UNCITRAL-RCAP will invite every year Universities across the Region to join the celebrations by selecting one date close to 17 December. Each joining University is expected to propose a special programme that can span from special lectures to seminars, from inviting professors to dedicate their lecture on that day to UNCITRAL topics to Conferences. This year three prestigious Universities joined the celebrations.
