15   Capital commitments, contingent liabilities and legal disputes

The capital commitment relates to contractual agreements for the acquisition of development real estate. Whether the commitment is invoked depends on the fulfilment of the conditions agreed with the counterparties.

There are no guarantees or sureties in favour of third parties. Beyond this, in the individual financial statement, Allreal Holding AG has issued guarantees and sureties amounting to CHF 470.9 million in connection with financings and derivative financial transactions with third parties on behalf of individual subsidiaries (31.12.2015: CHF 539.6 million).

As at 30 June 2016, there are no pending legal disputes of a nature liable to have a significant impact on the asset and income situation of the Allreal Group for which no corresponding provisions or bad debt allowances are in place.