Bank guarantee in Serbian and European legal systems
The paper analyses a bank guarantee as an institute derived from a surety contract. By issuing a bank guarantee the bank commits to the creditor that it will fulfill valid and due liabilities of a debtor, in the event of default by the debtor. This collateral demonstrates significant advantages as c...
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University of Novi Sad, Faculty of Law
2015-01-01
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Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2015/0550-21791503127P.pdf |
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doaj-160083bdff2a444897de2be5eef21ed82020-11-25T01:55:08ZengUniversity of Novi Sad, Faculty of LawZbornik Radova: Pravni Fakultet u Novom Sadu0550-21792406-12552015-01-014931127113410.5937/zrpfns49-99050550-21791503127PBank guarantee in Serbian and European legal systemsPajtić Bojan L.0University of Novi Sad, Faculty of Law, Novi Sad, SerbiaThe paper analyses a bank guarantee as an institute derived from a surety contract. By issuing a bank guarantee the bank commits to the creditor that it will fulfill valid and due liabilities of a debtor, in the event of default by the debtor. This collateral demonstrates significant advantages as compared to other personal assets, particularly with regards to a higher level of protection to creditors in contractual relations. Due to the aforementioned benefit the institute has been increasingly applied in legal dealings, both in our and other legal systems. In the paper, I will point out normative solutions in terms of regulation of a bank guarantee as a specific legal activity in which there is no accessoriness, which is not the case with security. This research particularly focuses on the comparative legal analysis of this collateral.http://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2015/0550-21791503127P.pdfbank guaranteesecuritysecuring the claims |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Pajtić Bojan L. |
spellingShingle |
Pajtić Bojan L. Bank guarantee in Serbian and European legal systems Zbornik Radova: Pravni Fakultet u Novom Sadu bank guarantee security securing the claims |
author_facet |
Pajtić Bojan L. |
author_sort |
Pajtić Bojan L. |
title |
Bank guarantee in Serbian and European legal systems |
title_short |
Bank guarantee in Serbian and European legal systems |
title_full |
Bank guarantee in Serbian and European legal systems |
title_fullStr |
Bank guarantee in Serbian and European legal systems |
title_full_unstemmed |
Bank guarantee in Serbian and European legal systems |
title_sort |
bank guarantee in serbian and european legal systems |
publisher |
University of Novi Sad, Faculty of Law |
series |
Zbornik Radova: Pravni Fakultet u Novom Sadu |
issn |
0550-2179 2406-1255 |
publishDate |
2015-01-01 |
description |
The paper analyses a bank guarantee as an institute derived from a surety contract. By issuing a bank guarantee the bank commits to the creditor that it will fulfill valid and due liabilities of a debtor, in the event of default by the debtor. This collateral demonstrates significant advantages as compared to other personal assets, particularly with regards to a higher level of protection to creditors in contractual relations. Due to the aforementioned benefit the institute has been increasingly applied in legal dealings, both in our and other legal systems. In the paper, I will point out normative solutions in terms of regulation of a bank guarantee as a specific legal activity in which there is no accessoriness, which is not the case with security. This research particularly focuses on the comparative legal analysis of this collateral. |
topic |
bank guarantee security securing the claims |
url |
http://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2015/0550-21791503127P.pdf |
work_keys_str_mv |
AT pajticbojanl bankguaranteeinserbianandeuropeanlegalsystems |
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