Bank guarantees and letters of credit are indispensable tools in business transactions.
Legal assistance concerning bank guarantees and letters of credit
At Ploum, our specialists can help you draw up and evaluate bank guarantees and letters of credit, and we can help you conduct the relevant negotiations as well. This also applies to other forms such as attachment bonds (in conformity with the Rotterdam guarantee form or the Netherlands Bankers’ Association model), takeover guarantees, project guarantees, performance guarantees and payment guarantees. If you are confronted with legal proceedings on this matter, our lawyers at Ploum can advise and assist you.
Co-author of a book on bank guarantees
Our colleague Tom Ensink is an expert on bank guarantees and letters of credit, and is co-author of a book entitled ‘Die Bankgarantie im internationalen Rechtsverkehr’, published by Graf von Westphalen (2014). Tom explains Dutch law on bank guarantees as well as the relevant extensive case law in this book.