Guarantees – Robust or Bust?

Lenders regularly seek security from third parties by way of a contract of guarantee. Guarantees are technical documents and should be carefully drafted to ensure that the lender is protected from the wide range of circumstances in which a guarantor may be discharged from liability under a guarantee. In this briefing we consider the essential requirements of guarantees, highlight potential dangers for lenders and identify ways to protect a guarantee from successful challenge. 

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