Partner Albert Valenica Authors Article on Non-Recourse Guaranties for GGI Global Alliance
Albert Valenica, Partner in the Firm’s Real Estate Department, was recently published in the GGI Global Alliance’s, GGI Real Estate Newsletter. His article, “Non-Recourse Guaranties,” which appeared in the Autumn 2019 issue, summarizes non-recourse real estate loans and their potential to increase personal liability due to "bad-boy provisions. Albert discusses non-recourse carveout guaranties "required by lenders to be delivered by the borrower's principal(s) as a condition to making the loan".
Click here to read Albert’s full article.
GGI (Geneva Group International) is a worldwide alliance of well-established and experienced accounting, consulting and law firms that are committed to providing clients with specialist solutions for their international business requirements. Its newsletter contains articles on current topics of interest written by experienced professionals from around the world.