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Comparative table different types of guarantees under Luxembourg law

18/03/2021

First demand guarantee (garantie à première demande) Suretyship (cautionnement) Professional guarantee of payment (garantie professionnelle de paiement) Only defined by Luxembourg case-law, the first demand guarantee is « an undertaking...

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Authors

Portrait ofVivian Walry
Vivian Walry
Partner | Avocat à la Cour
Luxembourg
Portrait ofZornitsa Dimitrova
Zornitsa Dimitrova
Senior Counsel | Avocat à la Cour
Luxembourg