Guide to ICC Uniform Rules for Demand Guarantees (URDG 758)
With its clear and comprehensive commentary on the rules and accompanying model forms, this Guide to URDG 758 provides the key to a successful guarantee practice in all sectors and jurisdictions.
The authors, Dr Georges Affaki and Professor Sir Roy Goode, have put the essence of their experience in researching, practising and teaching the law and practice of demand guarantees over a period of twenty years into this work. The text also provides a deeper insight into the revision process leading to URDG 758, revealing the background of each policy choice and drafting decision they took while drafting the rules. Case studies throughout the Guide support and enliven the comprehensive analytical commentary on the rules.
This Guide debunks the many myths about international guarantee practice and identifies pitfalls to avoid.
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