One of the most frequent problems in international construction projects (and more generally in international commerce) is represented by the issue of bonds or guarantees that the Employer requests to secure the performance of the contract. The purpose of said bonds is to guarantee the Employer that he will recover any loss or damage that it might suffer as a consequence of the breach of the Contractor.
The third Annual General Meeting of WLA took place in Dubai from 13 to 14 April 2017.
Three years ago a small number of independent Law Firms (including BDA Studio Legale) decided to establish a Network different from the thousands of Lawyers' Network already existing.
A letter of patronage can be considered either as a mere declaration of courtesy to looking at them, on the one hand, as binding guarantees ("fidejussione") or, on the other hand, as an undertaking to fulfil the obligations of a third party.