Question 39: Of the restructuring reasons, which one most often creates legal risks for Employers when they use it as a basis for terminating LCs?
Terminating LCs due to “restructuring” is a commercial expression which is used in replacement of the legal concept of terminating LCs due to change of structure or technology, or economic reasons. In this book, to make it easy to understand, the legal expression “due to change of structure or technology, or economic reasons” will be…