The law of 10 July 2020 regarding professional payment guarantees (the“PPG Law”)[1] introduces a new and flexible type of personal security (sûreté personnelle) in the Luxembourg legal environment, which is expected to become a not-to-be-missed tool in the coming years. Professional payment guarantees will certainly rival some foreign instruments, such as English law guarantees and … Continue reading Professional payment guarantees: an innovative legal tool for financial transactions