Abstract
The law is the dominant framework within which transactions occur. However, another important framework is that of reputation and the need all businesses have to enhance and preserve it. Usually through long experience, legal practitioners become aware of the influence and importance of reputation, and the role that the need for any business to preserve it serves as an enforcement mechanism.
This essay considers the role of the institution of reputation in banking transactions, in particular the role of reputation in documentary credit transactions.
Disciplines
Banking and Finance
Date of this Version
June 2009
Recommended Citation
Ross P. Buckley and Justen Nixon, "The Role of Reputation in Banking" (June 2009). University of New South Wales Faculty of Law Research Series 2009. Working Paper 18.
http://law.bepress.com/unswwps-flrps09/art18
Comments
This paper was published in the Journal of Banking and Finance Law and Practice, (2009) 20, p. 37-50. This paper may also be referenced as [2009] UNSWLRS 18.