What is DLT? Distributed Ledger Technology allows digital information to be distributed, however, it bars it from being copied. The basic idea is that of an office collaboration software such as a spreadsheet module where all the information is available to everyone at the same time rather than shared with one another by locking and …
Introduction to Blockchain and Distributed Ledger Technology (DLT) Read More »
The law tries to strike a balance between the rights and obligations of the surety, the debtor and the creditor, ensuring that the latter gets paid whilst the surety does not suffer an excessive burden. There are various pleas which the surety may make use of to defend his rights in front of the creditor, …
Suretyship is a personal guarantee, whereby the creditor may require the debtor to provide a guarantor in order to reduce the risk of non-payment. Through article 1925 of the Civil Code, it is evident that the principal characteristic of this contract is its accessory nature, whereby “… a person binds himself towards the creditor to …
