Advokatur GTK
Swiss Civil & Commercial Litigation Attorney — Basel

Independent guarantees with a Swiss connection are frequent in international commerce. Construction projects and cross-border financings often come with a guarantee on first demand issued by a Swiss bank or insurer, governed by Swiss law, or both. The commercial promise of these instruments is liquidity: the beneficiary calls, the guarantor pays, and any dispute about the underlying contract is fought out afterwards. A recent decision of the Commercial Court of Zurich illustr