Creative Commons

This dissertation was written as part of the L.L.M. in Transnational and European Commercial Law, Banking Law, Arbitration/Mediation at the International Hellenic University. In the narrow framework afforded by this study, it is attempted to present in English a short but comprehensive review of the Greek Legal Order related to the guarantee issues in a general aspect and in particular the Fixed-term guarantee agreements as they are regulated by the articles 847-870 of the Greek Civil Code. In the light of the contemporary and earlier but consolidated views in the Greek theory and the everyday judicial practice there will be scrutinized subjects that stipulate the interest of legal professionals increasingly, such as the specific preconditions under which the fixedterm guarantee is terminated according to the article's 866 G.C.C. provisions or the legal context that governs the letters of credit issued usually by banks. Concurrently, it is effected a brief overview of the provisions governing the relative surety issues in the Swiss Legal Order, which regulate a capital and credit market highly developed, with a simultaneous comparative assessment of the similarities and differences in relation to the Greek Legal Order.