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Executive summary Performance guarantees and bank guarantees and security instruments are the backbone of commercial certainty in construction, supply contracts,…

Introduction EPC contracts (Engineering, Procurement & Construction) allocate design, procurement, construction and testing responsibilities to a single contractor and are…

Introduction Recognition and enforcement of foreign insolvency orders in Nepal is currently governed by a mix of domestic insolvency law,…

Introduction When a company in Nepal faces financial distress, it has three broad rescue pathways: (A) negotiated out-of-court workouts with…