UPDATE 1-Q-Cells says to draw bank guarantee in LDK row

* Q-Cells expects sum of $244.5 mln in next days

* Jiangxi court issued civil order to freeze payment -LDK

* Shares in Q-Cells gain as much as 4.9 pct

(Adds further details, background)

FRANKFURT, Nov 11 (Reuters) - German solar cell maker Q-Cells (QCEG.DE) said it expects to recover a $244.5 million bank guarantee linked to its recently ended wafer supply contract with Chinese solar company LDK (LDK.N) within the next few days.

"Q-Cells has already started the draw-down process of the bank guarantee and expects the respective sum to be transferred within the next days," the German company said in a statement.

Q-Cells, one of the world's largest makers of solar cells, had made a prepayment of $244.5 million shortly after it signed the contract with LDK in late 2007, when wafer prices were much higher.

This prepayment, secured by a German bank, was reclaimed by Q-Cells last week after it said LDK did not fulfil "significant contractual obligations". [ID:nL2352753]

A Q-Cells spokeswoman declined to identify the German bank.