Ms. Darina Bashilova, a Business Law associate at Lavery, wrote an article entitled “Cautionnements et pièges à éviter lors du renouvellement ou de l’amendement d’un prêt” (Guarantees and pitfalls to avoid when renewing or amending a loan) in Premières en affaires magazine.
Ms. Bashilova’s article focuses on the tacit termination of the guarantee that could happen when the obligations of the principal debtor are modified.
The article (in French) is available by clicking here.