Areas of activity
Documentary Credits, Bank Guarantees and International Payments
The Firm’s professionals have gained extensive experience in the field of international payments and typical and atypical guarantee instruments, with in-depth knowledge of the rules and practice regarding the choice of means of payment, the safeguard instruments against the risk of non-payment as well as the actual management of the payments themselves.
In this context, the Firm’s professionals assist companies in identifying the most suitable means of payment or guarantee for the individual transaction; in drafting and negotiating documentary credits, Stand by Letters of Credit, sureties and autonomous guarantees on first demand, Performance Bonds and bank guarantees; and in drafting and negotiating letters of patronage. In addition, they advise on “atypical” guarantee instruments that may be used in the specific case and assist the company in evaluating the actions to be taken in case of default by the debtor.
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