Professional guarantees
- Articles and memoranda
- Posted 27.10.2020
On 10 July 2020, the Luxembourg Parliament (Chambre des Députés) adopted a new law relating to professional payment guarantees.
The law introduces a special regime for personal guarantees granted in a professional context among parties who wish to benefit from greater contractual freedom in determining the features and the legal consequences of a guarantee.
More detailed information on the law can be found in our related article "Professional Guarantees" published on our website.