By a judgement dated June 27, 1995, the first civil division of the Court of Cassation ruled that a surety for a loan is binding on the surety as from the date of its conclusion, even before the delivery of funds to the borrower.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. For additional information contact Claire Acard or Joseph Smallhoover on 33/(1)/55 61 10 10 or enter text search: "Archibald Andersen", and "Business Monitor". The members of Archibald Andersen Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar and the Lyon Bar.