By a decision rendered on 30 January 2019 (Commercial Chamber, 30 January 2019 No. 17-21279), the Court of Cassation qualified a guarantee. The Court of Cassation had to define whether the engagement of a company's manager was a guarantee or  a on-demand guarantee. The facts were as follows, Company A owed an amount of €86,165 …

Lire la suite de On-demand guarantee or personal guarantee? Pay attention to the wording