ICC Czech Republic in co-operation with eBSI and China Systems (Europe) Ltd. (Eximbills Technologies Ltd) organised a one day seminar on “Bank Guarantees according to German and Austrian Law and Practice“. The Seminar was held on the 4th of October in the Congress Hall of the Economic Chamber of Commerce of the Czech Republic.

issue11art06_1 eBSI Finance Tutor and Secretary to ICC Czech Republic, Mr. Pavel Andrle among the expert panelists at the Central European Workshop.

The speakers were leading world experts on bank guarantees: Mr. Rolf Breisig, Legal Council in Commerzbank AG, Frankfurt and Mrs. Andrea Hauptmann, Head of guarantees department in Raiffeisen Zentralbank Bank, Vienna.

The seminar focused on german and austrian law related to the bank guarantees, URDG, standby letters of credit, fraud and practical issues.

Some of the participants at the Workshop covering Bank Guarantees according to German and Austrian Law. issue11art06_2

The seminar was moderated by Mr. Pavel Andrle, Secretary to Banking Commission of ICC CR and development business associate of Eximbill Technologies Ltd. At the seminar a presentation of the company of China Systems and its products also took place – the presentation was carried out by Mr. Tony Marks, Sales and Marketing Director for Europe, Eximbills Technologies Ltd.

The seminar was well received by all 54 participants and was culminated with an active discussion. Among the penalists apart from the speakers czech experts also participated: Mr. Zdeněk Píšek, Lawer, ČSOB, a.s., Mrs. Irena Čermáková, Head of bank guarantees, ČSOB, a.s. and Mrs. Hana Sáblová, Lawer, Commerzbank AG, branch Prague. Questions from the audience concerned mainly practical issues related to texts of bank guarantees and claims under the guarantees.

Further information about ICC Czech Republic can be found at http://www.icc-cr.cz/eng.html

Information about China Systems and Eximbills Technologies can be found at http://www.chinasystems.com

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