The Luxembourg professional payment guarantee one year later – assessment of Luxembourg’s newest creditor-friendly tool | Loyens & Loeff
Legal Briefing
A year ago, the Luxembourg government announced the introduction of a new type of guarantee which was intended to better meet the needs of the market in terms of certainty and robustness. The Luxembourg law dated 10 July 2020 (the PPG Law) introduced the ‘professional payment guarantee’ (garantie professionnelle de paiement) (the PPG).