DATE: 10-11th April, 2014
PLACE: NOVOTEL Centre hotel, Gedimino ave. 16, Vilnius


Revision of URDG 458 has entered into force on 1 July 2010. The revision, the first in 18 years, contains major changes to rules, which apply to billions of dollars of demand guarantees securing monetary and performance obligations in a wide array of international and domestic contracts. The new URDG do not merely update URDG 458; they bring the rules for demand guarantees into the 21st century; the rules are clearer, more precise and more comprehensive. Furthermore they are innovative, featuring a number of original treatments for payment contingencies dictated by the development of practice and the need to avoid disputes. Over the years the URDG have gained increasing worldwide acceptance by international and national lawmakers including UNCITRAL and the World.

 10 April, 2014Seminar for beginners
Topics include:
– Step by step analysis of the new URDG and the liabilities and responsibilities of the parties
– Advantages of URDG 758 vs other rules and local law
– Drafting tips
– Feedback from expert banking and trade finance practitioners
– Questions and answers

 11 April 2014 – Workshop for experts
Topics include: 

–  The road to URDG 758
–  Overview of main rules: fundamental changes and key provisions
–  International guarantee practice prior to URDG and subsequent to the revision
–  Outlook on the chances, opportunities and challenges for both, corporates as well as financial
    institutions acting as (Counter-) Guarantor, Applicant or Beneficiary
–  International uptake of the rules in the major economic regions and UN endorsement
–  Drafting tips, case studies, real life examples form the trench


– Specialists in international demand guarantees  
– Managers from international banks
– Import/export trading specialists/professionals  
– Trade finance operations specialists
  and financial institutions
– Project finance specialists           
– Experts in international demand guarantees                   
– Executives involved in negotiating  international sales contracts
– Risk managers  and academics
– Lawyers, judges, business professionals                               


Dr. Andrea Hauptmann – senior director, head of Guarantees –  Raffeisen Bank International AG
Member of ICC Austria and delegate to the ICC Banking Commission since 1997, founder member of the ICC Guarantee Task Force in spring 2003 and elected as it’s Chair in April 2012, appointed as one of seven members of the Drafting Group for the revision of the URDG in 2007. She was elected as Member of the Executive Committee of the ICC Banking Commission in October 2013. Regular speaker at national and international seminars and conferences since 1991. Author of various publications/ articles on bank guarantees.

Until 14th of March 2014 “Early bird special”

– 210 EUR/ 725 LTL for non-member
After 14th of March 2014
– 250 EUR/ 862 LTL for non-member
(Price is indicated for participation in one-day seminar)
Closing date 3rd April, 2014

For registration please fill in  the registration form and send it by fax: +370 5 212 2621 or by
e-mail: at latest by 3rd April, 2014
Participants are responsible for making their own travel arrangements and hotel reservations.
Reservations of rooms in Novotel Centrum hotel with preferential rates can be booked through reservation department via e-mail: H5209–
(making booking please do not forget to mention your participation in seminar)
Please note that a number of rooms reserved with the preferential rates is limited, so we recommend you to make reservations ASAP

Contact person: Ms. Julija Surniene, Project Manager
Lithuanian Business Confederation
Ph. +370 5 212 1111+370 5 212 1111, Mob.: +370 655 50 259+370 655 50 259

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