UN endorses ICC Demand Guarantee Rules

The following is excerpted from an 7 July 2011 release by the International Chamber of Commerce.

The most recent revision of the ICC Uniform Rules for Demand Guarantees (URDG 758) was officially endorsed by the UN Commission on International Trade Law (UNCITRAL) at its 44th annual session in Vienna from 27 June-8 July.

Comprising 60 member states – all elected by the United Nations General Assembly– UNCITRAL represents the world’s principal geographic regions and economic and legal systems...

This release is available in its entirety on the International Chamber of Commerce website at: