Luxembourg:
Professional Guarantees
01 December 2020
ELVINGER HOSS PRUSSEN, société anonyme
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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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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