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No automatic right of recourse by guarantors against principal debtors

Photo of Izak Lessing
By Izak Lessing on August 27, 2024

This blog was co-authored by Atish Dullabh, candidate attorney at Norton Rose Fulbright South Africa.

In June 2023, the Western Cape High Court ruled that a guarantor does not have an automatic right of recourse against a principal debtor to recover payment made to a beneficiary in terms of a guarantee. The ruling in this…

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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