Guarantees

The triangular relationship between debtor, creditor and guarantor is a concept of German law of obligations as regulated in the German Civil Code (BGB). The debtor (borrower) is the person who has a principal debt to the creditor. This is…

As a guarantor, your relationship with the creditor is governed by the guarantee agreement. This only rarely contains a general right of termination. Under certain circumstances, you as the guarantor can still get out of the guarantee by giving extraordinary…