Bank guarantees and determination of the applicable law to inernational bank guarantees

In this thesis, the legal and practical aspects of bank guarantees and payment requests are examined. The research was conducted using literature review and legal document analysis methods, with the aim of analyzing the function of bank guarantees, the payment request processes, and the effects of international regulations on determining the applicable law for bank guarantees involving international elements. The study clarifies how bank guarantees provide security in international trade and how payment requests operate, while also discussing the impact of relevant legal regulations in practice. The thesis aims to contribute to the literature on the legal structure of bank guarantees, the regulation of payment request processes, and the resolution of disputes between parties in cases involving international elements. The first section addresses the definition, types, and general functioning of bank guarantees, and discusses the legal aspects of payment requests in bank guarantees. Finally, the second section examines the applicable law and international regulations for bank guarantees involving international elements.