09:00 – 09:30 Registration
09:30 – 09:35 Introduction - representative of ICC CR
09:35 – 10:00 Introduction to Independent Bank Guarantees, URDG 758 - our experience
Speakers: Pavel Andrle, Zuzana Rollová
10:00 – 10:45 The new URDG 758 – Rules fo Independent Guarantees - Introduction
- The main features of the revision URDG 758
- Application of the Rules
- Main terms used – Definitions, Interpretation
- Direct v. Indirect Guarantee – Guarantee and Counter
Guarantee Relationship
Speaker: Andrea Hauptmann
10:45 – 11:00 Coffee break
11:00 – 12:30 URDG 758 – The main features and principals
- Issuance, content of the instructions and guarantees,
- Advising and Amendments,
- Liability of the Guarantor and Counter-Guarantor
Speaker: Andrea Hauptmann
12:30 - 13:15 Lunch
13:15 - 14:45 URDG 758 – Demand
- Demands under the URDG guarantee,
- Examination of demands and documents,
- Extend or Pay claims,
- Other questions, debates
Speaker: Andrea Hauptmann
14:45 - 15:00 Coffee break
15:00 – 15:30 Assignment and Transfer under URDG 758 Guarantee
- Transfer v. Assignment
- Dislaimers,
- Governing Law and Jurisdiction
Speaker: Andrea Hauptmann
15:30 – 16:00 Bank Guarantees under URDG 758 – Conclusion
- Questions & Answers Session
Speaker: Andrea Hauptmann, Zuzana Rollová
16:00 Closing marks
