The arrival of the new Uniform Rules for Demand Guarantees (URDG 758) makes this course more than just a pre-requisite for all employees involved in the use of guarantees in international trade and project finance structures. While the use of international guarantees, bonds and standbys has proliferated in recent years, documentation errors, fraud, and unfair calling have made guarantees a legal minefield and subject to more court proceedings than any other financial instrument. This highly resourced course will highlight the areas of potential risks in the subject matter and teach effective documentation techniques. Delegates would be taken through the analysis of the legal issues that exist in bonds and guarantees. An explanation of the products and their uses would also be provided. At the end of this program, it is expected that delegates would have improved their knowledge of: - The responsibilities and legal relationships of the various parties - The comparative merits and drawbacks of standby and demand guarantees - When courts will intervene to prevent payment of guarantees - How to avoid operational problems - How to avoid problems of applicable law - How big-ticket guarantees are syndicated - The benefits and drawbacks of using the new uniform rules for demand guarantees (URDG 758)
| Venues | Dublin | London | Dubai | Edmonton (CAN) | Lagos/Abuja |
|---|---|---|---|---|---|
| Dates | TBD | TBD | TBD | TBD | TBD |
| Cost | $3,900 per participant (USD) | (=N=) |