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- Guarantees
- Guarantees and indemnities essentials
The right of set-off and other selected legal concepts in guarantees explained
Set-off rights may arise between two parties who owe each other monetary debts. This guidance note explains set-off in general, as well as set-off in the specific context of a guarantee. Examples from recent case law is provided to aid legal practitioners’ understanding of this important legal concept in guarantees.
This guidance note also explains the right of subrogation, and the autonomy principle.
See The right of set-off and other selected legal concepts in guarantees explained.
