Suretyship: Outlook for Business in the Light of the Latest Clarifications Made by the RF Supreme Arbitrazh Court

30.10.2012, Alexey A. Gorodissky
Suretyship: Outlook for Business in the Light of the Latest Clarifications Made by the RF Supreme Arbitrazh Court
Inconsistencies in court rulings on disputes arising out of surety contracts, that occurred over the past decade, has rendered this method of ensuring the performance of obligations unstable. Considering the long-felt acute need for summarizing the disposition of relevant cases handled by courts and elaboration of the stance of the superior judicial instance, the Supreme Arbitrazh Court of the Russian Federation prepared and published a resolution of its Plenum, the key points of which have been analyzed by Alexey Gorodissky in the attached article.