Performance Bonds And Guarantees

The areas of practice in which the Studio has over forty years of proven experience include the laws on customs bonds and bonds in general, posted in favor of the Revenue Department (VAT) and to secure advance payments made by Government Agencies, as well as all the forms of performance bonds/guarantees required under public contracts. In this regard the Firm has developed strong ties with the leading companies operating in such field and gradually strengthened its expertise in connection with litigation, assisting its clients up to Supreme Court level. The services the Firm provides regard both relations between the guarantor and the contractor and the far more conflictual relations between the guarantor and the beneficiary under the policy; in the past the latter was always a public authority, whereas nowadays it is usually a local government agency or a private party.