Quick legal guide on how to ensure you down payment in international purchases

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With occasion of the new URDG 758 of the ICC which have come into force at the beginning of July 2010 the author highlights some essential aspects on the on demand guarantees in international trade deals- be it just in a purchase of e.g. a new car, a house or complicated engineering projects.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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