Практическо значение на менителницата и записа на заповед в международната търговия
Practical significance of bills of exchange and promissory notes in international trade

Summary/Abstract: This article outlines the practice of USA banks to extend credits abroad (incl. in Bulgaria) via promissory notes and the particularities of the laws in the USA facilitating this practice. Further, some specific forms of international trade financing have been analysed, i.e. forfaiting, documentary bills and acceptance letters of credit. Some key differences in the substantive laws of the major legal systems have been summarized, that justify the significance of the conflict of laws analysis with respect to negotiable instruments.

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