GUARANTOR IN BLANK

19 March 2025 , by Pedro Sena Marcos.

3 min reading
GUARANTOR IN BLANK

Judgement of the STJ 1/2025 - 8 jan 2025 - uniforms jurisprudence on the possibility of the withdrawal of the guarantor in blank, for an indefinite period or for a renewable period, who has ceased to be a partner or managing partner of the guaranteed company, until the completion of the title, as well as the effects of the termination.

The provision of a guarantor by a partner or managing partner of a company, to guarantee financing granted to the company, is likely to generate particular concern if the partner or managing partner withdraws from the company in the future, at which point they will no longer be linked to or have any control over the company's situation, running the risk of being surprised by a debt that is already owed, but for which they remain co-responsible as a result of the guarantor.