20 January 2025
Judgment of the Court of Cassation No. 31105/2024: New Perspectives on First-Demand Guarantees
Distinction between suretyship and independent guarantees, nullity of guarantees conforming to the ABI scheme, and key clarifications to protect guarantors. The recent judgment of the Court of Cassation No. 31105/2024: Implications for Personal Guarantees Law Judgment No. 31105/2024... » Read the article22 July 2024
Counterfeit Insurance Guarantees: How to Protect Yourself from Fraud
“ANAC urges verifying the authenticity of insurance guarantees, whether issued by Italian or foreign companies, by directly contacting the issuing company.” Insurance guarantees are crucial tools to secure commercial and financial transactions. They provide insurance against the risk... » Read the article06 March 2024
KLPP Insurance & Reinsurance Company LTD New Collaboration in the Surety Branch in Italy
Thanks to the collaboration with a distinguished Italian insurance intermediary, we are pleased to announce a new partnership that marks a significant evolution in the surety insurance sector in Italy. By collaborating with KLPP Insurance & Reinsurance Company... » Read the article03 February 2024
What is the difference between a guarantor and a co-obligor in guarantees?
The role and importance of the co-obligor in guarantees Guarantees are financial instruments widely used in commercial and financial transactions, where one party commits to guaranteeing the payment of a debt should the main debtor fail to do... » Read the article16 December 2023
When a surety bond is null: an in-depth legal analysis
A surety bond, a contract in which one party commits to guarantee the debt of another, is a crucial element in the financial and legal landscape. However, there are specific circumstances where a surety bond can be considered... » Read the article10 December 2023
Bank Guarantee: What to Know Before Signing a Bank Guarantee
A bank guarantee is a contract of guarantee where the guarantor ensures to the beneficiary the payment of the debtor’s debts in case the latter is unable or unqualified to settle what is due. But what should you... » Read the article02 December 2023