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Banking & Financial Services

28 July 2020
Josée Weydert New act on professional payment guarantees

Luxembourg - NautaDutilh Avocats Luxembourg S.à r.l.

The law of 10 July 2020 on professional payment guarantees, which aims to create greater freedom of contract while ensuring legal certainty in the provision of personal guarantees governed by Luxembourg law, recently entered into force. The new law is undoubtedly a welcome addition, especially in times of heightened uncertainty, and demonstrates once again Luxembourg's attractiveness as a forward-looking and business-friendly financial centre.

Authors: Josée Weydert, Greet Wilkenhuysen, Romain Sabatier, Ann Blaton
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