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Coronavirus

Contracts and bank guarantees

Updated in 31-03-2020

In the context of banking, the main issues seem to be concerned with the fulfilment of loan contracts by both the bank customer and the bank itself. The impact of the pandemic may be felt, from the outset, on the commonest types of direct bank lending contracts, i.e. term loan contracts and credit facility agreements, as well as bank guarantees, which are often referred to as “credit by signature” in banking jargon.



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