Bank guarantees: practical solutions, prospects

On March 3, 2026, Chuck Peng, head of KKMP's China practice, will speak at the ICC Russia conference “Bank Guarantees: Practical Solutions, Prospects,” to be held in Moscow.

In particular, Chuck will address the topic “What is a demand guarantee under Chinese law? Should an international guarantee be governed by the ICC Uniform Rules on Demand Guarantees (URDG 758)?”

Participants will receive comprehensive information about the instrument and its nature: we will discuss Russian and international practices for working with guarantees, the specifics of applying the instrument in Asian and Latin American countries, as well as arbitration practices for guarantees with an analysis of specific cases.

The event will focus on:

• Features of working with Latin American countries, India, and China

• Guarantee transactions that allow exporters to improve their commercial offer and compete with other suppliers. Practical cases

• URDG 758: pros and cons of application for the beneficiary and principal

• Assignment of rights under a guarantee in the context of sanctions

• Risk assessment for banks/counterparties. Current situation

• Court practice on guarantees/standby letters of credit