When is a demand under a performance bond invalid? (High Court) | Practical Law

When is a demand under a performance bond invalid? (High Court) | Practical Law

In Sea-Cargo Skips AS v State Bank of India [2013] EWHC 177 (Comm) (26 June 2013), the High Court considered a demand made under a performance bond (also called a demand guarantee or performance guarantee) and asked how closely it needed to track the wording set out in the bond.

When is a demand under a performance bond invalid? (High Court)

Practical Law UK Legal Update 2-533-0645 (Approx. 5 pages)

When is a demand under a performance bond invalid? (High Court)

by Practical Law Finance
Published on 04 Jul 2013 • England, Wales
In Sea-Cargo Skips AS v State Bank of India [2013] EWHC 177 (Comm) (26 June 2013), the High Court considered a demand made under a performance bond (also called a demand guarantee or performance guarantee) and asked how closely it needed to track the wording set out in the bond.