On Demand Guarantees and Letters of Credit

On Demand Guarantees and Letters of Credit

This seminar considers a number of topical issues relating to guarantees and letters of credit, ranging from drafting issues, categorization, jurisdiction, authority and the availability of injunctions to restrain payment.

Issues for discussion
The distinction between guarantees and indemnities as illustrated by recent case law

A banker’s perspective on drafting issues, traps for the unwary under ICC’s Uniform Rules for Demand Guarantees ( URDG 758 ) and guarantees forming part of a framework

Jurisdiction and authority issues, including the circumstances in which parties to a guarantee may be bound by jurisdiction provisions contained in the underlying contract and issues concerning authority to enter into guarantees

Injunctions preventing payment under guarantees and letters of credit

Chair:Sir Peter Creswell
Panellists:Vasanti Selvaratnam QC – Stone Chambers
John Passmore – Quadrant Chambers
Roger Jones – former chair of ICC UK Committee on Banking Technique & Practice
Sandra Healy – Stone Chambers
Venue:Quadrant Chambers
10 Fleet Street
Time:6.00pm- 8.00pm
CPD Points:This event is accredited for 2 CPD points