Legal Regulation of the Independent Guarantee

The article considers one of the ways of collateral obligations, it’s independent guarantee. The article presents the analysis of the existing problems for the legal regulation of the independent guarantee, as well as it examines the procedure of use in practice, the specific features, the difference from the bank guarantee and another way to collateral obligations — surety. In conclusion, it is noted that an independent guarantee is a new way of securing obligations, which has its own specificity. The main advantage of an independent guarantee arises precisely from its name and lies in its independence from the main obligation.