A Belgian company has committed itself to transportation of cargo on behalf of an Eastern European company. The Eastern European company is a subsidiary of a company based in the Netherlands. The Dutch parent company has irrevocably and unconditionally guaranteed performance of the financial obligations of its Eastern European subsidiary in favour of the Belgian company.The amount involved is 400k.
The Eastern European company does not meet its payment obligations. The Belgian company has summoned the guarantor in vain to fulfill the payment obligations of its subsidiary.
The Belgian company is entitled to sue the guarantor established in the Netherlands up to the amount of 400K. In order to ensure that the claim on the guarantor is not lost, the Belgian company wants to seize the assets of the guarantor.
The Belgian law firm Kegels & Co and the Dutch law firm Wolfs Advocaten have joined forces to ensure that the seizure will be successful.
