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High Court decides advance payment guarantees are performance bonds
Practical Law Legal Update 1-504-5465 (Approx. 6 pages)
High Court decides advance payment guarantees are performance bonds
by PLC Finance
In Meritz Fire and Marine Insurance Co Ltd v Jan de Nul NV and another [2010] EWHC 3362 (Comm) (21 December 2010) the High Court ruled on whether advance payment guarantees were performance bonds or contracts of surety.
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Resource ID 1-504-5465© 2024 Thomson Reuters. All rights reserved.
Published on 27-Jan-2011
Resource Type Legal update: archive
Jurisdictions
Related Content- England
- Wales