Disputes regarding guarantees

Zellberg acted successfully as counsel in a dispute regarding the validity of a guarantee under Swedish law. The district court ruled on 12 December 2022 that an unsigned guarantee was agreed between the two parties and its validity should be interpreted against the underlying contractual obligation between the debtor and the creditor.  The claimed amount in its entirety was awarded Zellberg’s client. The judgment has not yet gained legal force. This case is one of many this year regarding guarantee commitment, parent company guarantees and general payment commitments both in litigations and in arbitrations.