Matti S. Kurkela (Hannes Snellman, Helsinki) has published the second edition of Letters of Credit and Bank Guarantees under International Trade Law (Oxford Univ. Press 2007). Here's the abstract:Letters of credit and bank guarantees are the most important financial instruments in international exchange. Matti S. Kurkela, a leading expert in the field, presents an advanced, extensive study and guide to letters of credit. The author analyzes the material rules and principles applicable to them; conflict of laws as well as law merchant applied regardless of place of operation or nationality of the parties involved. Letters of Credit and Bank Guarantees under International Trade Law is the only true guide whose focus is on international law and choice of applicable law, with comparisons of the UCP, the UCC and selected national laws.
